Marina Portorož sold to Slovenian investment fund

After a number of attempts over the past few years, it seems that Slovenia’s 1,000-berth Marina Portorož has been sold. The seller is the Ljubljana Stock Exchange-listed spa operator Terme Čatež, which in a notice posted on the exchange indicated the sale of the marina was completed on May 4, 2021.

While Terme Čatež did not name the buyer, the consultants PriceWaterhouseCoopers (PwC), who participated in the sale, named the buyer in a press release as the Slovenian business Luka Lucija, which is owned by the local investment fund Cirus 1. Local media reports suggest that the sale price was between €15m and €20m.

For Terme Čatež, this is the end of a prolonged effort to sell the marina with previous potential buyers including a local Slovenian company, a Japanese investor and Croatia’s leading marina operator, ACI. In a press release Terme Čatež says: “All contractual suspensive conditions in the procedure of sale of the outright stake in the company Marina Portorož have been fulfilled and the transfer of shares on the buyer was made on May 4.”

The marina, one of the few on the short Slovenian coastline, is a full-service facility offering around 1,000 berths, a boatyard, plus upland residential accommodation, retail, sport and commercial resources. PwC made known in a press release that the new owners plan to upgrade and modernise Marina Portorož and re-establish it as one of the leading marinas in the region.

Source: IBI News