NEWS FLASH
The Slovenian Competitors Safety Company has authorized the acquisition of upkeep supplier Adria Tehnika by easyJet, nonetheless, the District Court docket in Kranj has quickly halted the takeover after prohibiting Czech monetary fund Hartenberg from disposing of its possession stake within the plane upkeep supplier. In consequence, Hartenberg will probably be unable to promote the Ljubljana-based Adria Tehnika to easyJet till the authorized proceedings are concluded, the day by day “Dnevnik” studies.
Till June 2024, Adria Tehnika was owned by the Czech firm Adria Prime, after which it got here underneath the management of funding agency Hartenberg Holding, backed by Czech Prime Minister Andrej Babiš. Hartenberg acquired its stake via the acquisition of a 100% shareholding in Avia Prime. Inside Adria Prime, Hartenberg held a 72% stake, whereas the remaining shares have been owned by two minority shareholders. In 2022, Hartenberg prolonged a 3 million euro mortgage to Adria Tehnika, which included a name possibility permitting it to accumulate 100% possession of the corporate on the worth of the mortgage, regardless of its market valuation, within the occasion that refinancing was not secured, in keeping with sources accustomed to the matter cited by the newspaper.
No less than one of many minority shareholders reportedly believed the association to be momentary and anticipated refinancing of the three million mortgage to comply with. Nonetheless, Adria Tehnika allegedly made no effort to safe exterior refinancing. Hartenberg subsequently exercised the decision possibility, thereby acquiring full possession of the corporate. One of many minority shareholders of Adria Prime then filed a lawsuit with the Kranj District Court docket looking for to annul the transaction via which Hartenberg gained full possession of Adria Tehnika. The claimant additionally requested a short lived injunction to stop any switch of possession to easyJet till the court docket case is resolved. On Monday, the court docket dominated that Hartenberg could neither eliminate nor encumber its stake in Adria Tehnika.
