The Republic of Slovenia has agreed to sell 91.58 % of Adria Airways to Luxembourg-headquartered turnaround specialist 4K Invest for €100,000 ($108,756), subject to regulatory clearances and other conditions. Slovenian Sovereign Holding (SSH) and Bad Asset Management Co. (BAMC) hold the Adria Airways shares on behalf of the state. In a statement issued on Jan. 19, SSH and BAMC said they have signed a “share purchase and sale agreement” with 4K Invest, after the investor ...

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