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Istrabenz Releases New Results, Still Hoping for Debt Deal

Koper, 31 March - Following the failure to reach agreement on a new restructuring of Istrabenz's debt, the supervisory board of the conglomerate also had to swallow on Tuesday the news that the group had recorded a net loss of EUR 220.8m in 2008. Outgoing CEO Igor Bavcar maintains that Istrabenz can survive.

Koper
Outgoing Istrabenz CEO Igor Bavcar at a press conference on the decisions taken at Monday's supervisory board session.
Photo: Daniel Novakovic/STA

Koper
Outgoing Istrabenz CEO Igor Bavcar (left) and new Istrabenz supervisory board president Tomaz Toplak arriving at a press conference on the decisions taken at Monday's supervisory board session.
Photo: Daniel Novakovic/STA

Koper
Outgoing Istrabenz CEO Igor Bavcar at a press conference on the decisions taken at Monday's supervisory board session.
Photo: Daniel Novakovic/STA

Koper
Outgoing Istrabenz CEO Igor Bavcar arriving at a press conference on the decisions taken at Monday's supervisory board session.
Photo: Daniel Novakovic/STA

Koper
New Istrabenz supervisory board president Tomaz Toplak at a press conference on the decisions taken at Monday's supervisory board session.
Photo: Daniel Novakovic/STA

Koper
Istrabenz executive directior Aldo Gabrijel at a press conference on the decisions taken at Monday's supervisory board session.
Photo: Daniel Novakovic/STA

Koper
Istrabenz executive directior Aldo Gabrijel at a press conference on the decisions taken at Monday's supervisory board session.
Photo: Daniel Novakovic/STA

Koper
Outgoing Istrabenz CEO Igor Bavcar at a press conference on the decisions taken at Monday's supervisory board session.
Photo: Daniel Novakovic/STA

Koper
Outgoing Istrabenz CEO Igor Bavcar, new Istrabenz supervisory board president Tomaz Toplak and Istrabenz executive directior Aldo Gabrijel (left to right) at a press conference on the decisions taken at Monday's supervisory board session.
Photo: Daniel Novakovic/STA

Koper
Outgoing Istrabenz CEO Igor Bavcar (left) and new Istrabenz supervisory board president Tomaz Toplak presenting and commenting on the decisions taken at Monday's supervisory board session at a press conference.
Photo: Daniel Novakovic/STA

Koper
New Istrabenz supervisory board president Tomaz Toplak at a press conference on the decisions taken at Monday's supervisory board session.
Photo: Daniel Novakovic/STA

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© STA, 2009