The Slovenian government has begun the privatization process of Adria Airways (JP) by seeking bids for 74.87% of the flag carrier’s shares. JP said that interested parties should submit nonbinding bids by Sept. 10. The stake is being sold by the state and four banks, which together hold 99.87% of JP’s stock. Barons Financial Services is the exclusive advisor to sellers. JP, which posted a first-quarter net loss of €8 million (9.8 million), received a €50 million ...

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