Since the beginning of the credit crunch, Slovenia has been adopting measures geared towards increasing the liquidity of companies without exposing banks to greater risk. In the last year, Slovenia has also amended its Companies Act in order further to transpose EU Directives into national legislation.
The financial crisis has hit Slovenia in the same way it has hit many markets – with the slowing of equity issuance on the capital markets, a dramatic drop-off of classical M&A activity and a shift to focus on distressed transactions, financial and corporate restructurings, along with a broad range of requests for regulatory advice.The Republic of Slovenia made a €1....
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The financial crisis has hit Slovenia in the same way it has hit many markets – with the slowing of equity issuance on the capital markets, a dramatic drop-off of classical M&A activity and a shift to focus on distressed transactions, financial and corporate restructurings, along with a broad range of requests for regulatory advice.
The Republic of Slovenia made a €1.5 billion bond issue in April 2009 in order to finance its bank rescue package. This was felt by many to be a timely intervention, which stimulated bond activity among the banks. Whether or not it will encourage the banks to underwrite corporate issues remains to be seen.
Privatisations, such as that of Telekom Slovenije, continue to be shelved for the time being – the only such anticipated future work consisting of distressed state operations.
Project finance activity may show signs of growth over the next year, at least in terms of advances in planning. An example of this is the Slovenian Railways project.
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