Slovenia To Launch Airline, Airport Selloff

May 20, 2013

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Slovenia will launch in September a sale process which will include its largest airport and its national carrier, finance minister Uros Cufer said on Monday.

Slovenia earlier this month listed 15 companies it planned to sell to boost state income and improve corporate governance in an ailing economy that is around 50 percent controlled by the state.

The firms include national airline Adria Airways, Ljubljana airport, Slovenia's second-largest bank, Nova KBM and its largest telecoms operator, Telekom.

The privatisation process is opposed by the governing coalition's second-largest party, but Cufer told parliament it would begin in September. He did not specify which firms would be sold first.

"The processes will take two to three quarters to complete," Cufer said.

(Reuters)