holding company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...
, one of the largest in
Slovenia
Slovenia, officially the Republic of Slovenia, is a country in Central Europe. It borders Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the south and southeast, and a short (46.6 km) coastline within the Adriati ...
with a total of 73 companies under its management.
Activities
* Food (24 companies): Droga Kolinska d.d., Grand Kafa AD Beograd, Štark AD Beograd, Palanački Kiseljak AD Smederevska Palanka
* Investments (10 companies)
* Tourism (8 companies): Istrabenz Marina Invest d.o.o., Istrabenz Turizem d.d. Portorož, Marina Koper d.o.o., Istrabenz Hoteli d.o.o. Portorož, Imperial Palace d.o.o.
* Energy (18 companies): Instalacija d.o.o. Koper
History
Istrabenz entered the
Ljubljana Stock Exchange
Ljubljana Stock Exchange or LJSE ( ) is a stock exchange located in Ljubljana, Slovenia. It is Slovenia's only stock exchange. The exchange trades shares of Slovenian companies, as well as bonds and commercial papers. The only stockholder of the ...
in 1997.
Istrabenz financed the growth of Openad until the holding ran out of cash in 2008.
From 2002 to 2009, the company was headed by
Igor Bavčar
Igor Bavčar (born 28 November 1955) is a Slovenes, Slovenian politician and manager. He rose to prominence during the Slovenian spring, when he served as chairman of the Committee for the Defence of Human Rights, the largest independent civil ...
, Slovenia's former interior minister. In September 2009, Igor Bavčar was detained on suspicions of corruption and money laundering while he was head of Istrabenz.
In July 2010, Istrabenz sold major food manufacturer
Droga Kolinska
Droga Kolinska is a Slovenian food processing company from Slovenia, majority owned by Croatian Atlantic Grupa.
History
Droga Kolinska came into existence with the merger of the companies Droga d.d. from Portorož and Kolinska d.d. from Ljubljan ...
to
Atlantic Grupa
Atlantic Grupa d.d. is a Croatian multinational company whose business operations include the production, development, sales and distribution of consumer goods with simultaneous market presence in over 40 countries around the world.Kempinski Palace Portorož for $25 million. In March 2016, Istrabenz Turizem sold the Grand Hotel Adriatic in
Opatija
Opatija (; ; ) is a List of cities and towns in Croatia, town and a municipality in Primorje-Gorski Kotar County in northwestern Croatia. The traditional seaside resort on the Kvarner Gulf is known for its Mediterranean climate and its historic bu ...
to Croatian company Teri-trgovina as part of a disinvestment program.
In June 2016, Istrabenz sold the remaining 51% it held in Istrabenz plini (gas subsidiary) to Italian .