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Gorenje dd (GORE.LJ)

GORE.LJ on Ljubljana Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Elemental Holding unit calls off Gorenje Surovina deal
Thursday, 14 Jul 2016 03:15am EDT 

Elemental Holding SA : Said on Wednesday that its unit Tesla Recycling called off the Slovenia-based Gorenje Surovina deal . Informed on June 1 that the sale agreement conditions for the 69.32 stake in Gorenje Surovina have not been met [nFWN18T02Y] .Gorenje Surovina is a unit of Gorenje dd Full Article

Elemental Holding unit not buy stake in Gorenje Surovina
Wednesday, 1 Jun 2016 02:13am EDT 

Elemental Holding Sa : Its unit, Tesla Recycling Sp. z o. o. Sp. k., says conditions for the acquisition of the 69.32 percent stake in Slovenia-based Gorenje Surovina d.o.o. have not been fulfilled . Says a material adverse effect occurred as 2015 EBITDA of Gorenje Surovina fell by 46 pct . Moreover, Tesla Recycling has not received the documents confirming the completion of particular stages of Gorenje group's reorganization .The company informed about starting the acquisition negotiations in April 2015 [nFWN0WZ03E].  Full Article

GORENJE dd issues FY 2016 strategy, sees FY 2015 revenue of 1.2 bln euros, sees FY 2016 net profit of 7.6 mln euros
Friday, 15 Jan 2016 03:28am EST 

GORENJE dd:Estimates FY 2015 EBITDA between 78 million euros and 80 million euros.Estimates FY 2015 revenue at 1,217 million euros, which is 0.6 pct short of the plan due to steep drop in the prices of secondary raw materials in the last quarter.Sees FY 2016 revenue rise by 4.6 percent and EBITDA by 13.8 percent.Sees FY 2016 net profit of 7.6 million euros.Says result for the year will largely depend on currency exchange rates.revenue in the core activity of home appliances exceeded the figure planned for 2015.estimates that negative currency translation differences will amounted to 12.6 million euros, or approximately 6 million euros more than planned.FY 2015 EBITDA at 80.8 million euros; revenue at 1.22 billion euros - Thomson Reuters I/B/E/S.  Full Article

GORENJE dd and Gorenje Surovina to divest majority shareholding in Publicus
Wednesday, 19 Aug 2015 11:00am EDT 

GORENJE dd:Gorenje dd and Gorenje Surovina doo sign a deal with HIS gradbenistvo in inzeniring doo to divest their stake in Publicus doo, complete with the subsidiary Ekogor doo.Currently HIS gradbenistvo in inzeniring doo holds a 49-percent stake in Publicus doo.agreement is the first step to signing a share sale and purchase agreement which a newly founded new company within Gorenje Group and the company HIS, doo, will sign subject to fulfillment of the preconditions.preconditions are withdrawal of treasury shares in Gorenje Surovina; transformation of legal status of Gorenje Surovina and refinancing of the existing financial liabilities of Publicus and Ekogor backed by collateral provided by Gorenje Group, among others.agreed price for Gorenje's stake in Publicus, including the investment into Ekogor, is 3,628,190 euros.  Full Article

GORENJE dd to divest majority shareholding in Gorenje Surovina; seeks to sell other non-core activities
Friday, 24 Jul 2015 12:02pm EDT 

GORENJE dd:Signs sale and purchase deal with Tesla Recycling SKA, unit of Elemental Holding SA, to divest its unit Gorenje Surovina, doo, including the latter's units Kemis Valjevo, doo, Kemis BH doo, and Cleaning System S doo.Says its supervisory board approved the management board resolution to divest the 69.32 pct stake in Gorenje Surovina.purchase price is 29.2 million euros minus the company's debt as at the transaction closing date.Gorenje Group and Elemental Holding Group remain partners in Gorenje Surovina for a period of no less than the next three years.In the period, parties will continue to negotiate the divestment of the remaining part of Gorenje's investment in the company.Gorenje management board is also in the final stage of negotiations on sale of Publicus doo, and its subsidiary Ekogor.The potential buyer of Publicus is HIS doo, Ljubljana, which currently holds 49-percent of Publicus.Moreover, the management board of Gorenje is examining the possibilities to divest other companies active in Gorenje Group's non-core activities.  Full Article

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