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Sava Conglomerate Sells Rubber Maker Savatech

Kranj, 26 October - Sava, a chemicals through tourism group, has sold off its most profitable company, rubber and tyre maker Savatech to the Czech CGS group. The EUR 69.4m deal was signed after Sava's supervisory board approved the sale on Thursday in line with the company's restructuring strategy.

CSG and Sava officials celebrate a deal to sell Sava's rubber division to the Czech group.
Photo: Tinkara Zupan/STA

CSG board member Oldrich Šlemr and executive director Tomaš Nemec and Sava CEO Matej Narat (left to right) speak to reporters about the sale of Sava's rubber division to the Czech SCG group.
Photo: Tinkara Zupan/STA

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© STA, 2012