Sava to Consolidate through Divestment

Bled, 18 May - The new chairman of the Sava conglomerate, Matej Narat, told reporters in Bled on Wednesday that the group's EUR 400m debt called for disinvestment. Sava is regularly paying off its debts, he said, but it will have to sell some of its investment, starting with its shares in Abanka Vipa, Slovenia's third largest bank.