Slovenian tourism and financial firm Sava has said that it planning to sell its 44.07% stake in local lender Gorenjska Banka.

The sale, which is a part of the firm’s restructuring process based on strategy of consolidating tourism companies, will be assisted by German consultancy Equity Gate.

The proceeds of the sale will be used to deleverage Sava and to repay debts to creditors including banks and DUTB.

Sava is the largest shareholder of Gorenjska Banka with the government, other private companies and banks holding most of the remaining shares.

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