Sava Turns a Joint Stock Company

Car tire maker Sava Kranj is shortly to become a joint stock company, as in late March the Agency for Restructuring and Privatization issued the second consent to the company's privatization program, starting the process of entering it into the register of companies. Sava Kranj will become a business system with 46,000 shareholders, who in the process of public sale and internal distribution bought the shares or exchanged them for privatization vouchers. Last year the company turned SIT 13 million profit, which, however, is not to be paid out in dividends at the first general assembly, scheduled for June, general manager of Sava Kranj Janez Bohorič told a news conference Friday.

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