A renewed attempt to sell chemical company Cinkarna Celje , d.d. (LJSE:CICG) is on the horizon, as owners holding a controlling stake in the company have signed up consultants to manage the sale. The news was revealed Friday after the Bank Assets Management Company said it had joined a consortium of asset managers Alta Skladi, KD Skladi in Primorski skladi. The four have a combined 33.9% stake in Cinkarna. Cinkarna was put on the government's privatisation list in 2014 and a consortium representing over 70% of share capital was formed. The procedure was abandoned in 2015 due to environmental concerns over Yugoslav-era on-site deposits of hazardous materials, which are being gradually cleaned up. State-owned shareholders have a combined 31.4% stake in Cinkarna Celje, of which BAMC holds 14.5%.
Cinkarna Celje dd is a Slovenia-based company, engaged in the production and marketing of titanium dioxide pigment. The Companyâs product range includes titanium dioxide and sulfuric acid; titanium and zinc sheets; zinc wire, alloys and anodes; printing plates, links and graphic preparations, as well as powder, rubber and anticorrosion coatings. Additionally, it offers construction and joint sealants; facade plasters; mortars and screeds; decorative plasters; protection, waterproofing and quick bonding agents; cement additives; copper and sulfur fungicides, as well as other chemical products. The Company operates through one wholly owned subsidiary, Cinkarna-Kvarc doo Tuzla, incorporated in Bosnia and Herzegovina.