# Istrabenz

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**Istrabenz** was one of Slovenia's largest [holding company](/source/Holding_company), with a total of 73 companies under its management. In 2024 it was merged into its parent company Slovenian State Holdings (SDH).

## Activities

- Food (24 companies): Droga Kolinska d.d., Grand Kafa AD Beograd, Štark AD Beograd, Palanački Kiseljak AD Smederevska Palanka
- Investments (10 companies)
- Tourism (8 companies): Istrabenz Marina Invest d.o.o., Istrabenz Turizem d.d. Portorož, Marina Koper d.o.o., Istrabenz Hoteli d.o.o. Portorož, Imperial Palace d.o.o.
- Energy (18 companies): Instalacija d.o.o. Koper

## History

Istrabenz entered the [Ljubljana Stock Exchange](/source/Ljubljana_Stock_Exchange) in 1997.[1]

Istrabenz financed the growth of [Openad](/source/Openad) until the holding ran out of cash in 2008.[2]

From 2002 to 2009, the company was headed by [Igor Bavčar](/source/Igor_Bav%C4%8Dar), Slovenia's former interior minister.[3] In September 2009, Igor Bavčar was detained on suspicions of corruption and money laundering while he was head of Istrabenz.[4]

In July 2010, Istrabenz sold major food manufacturer [Droga Kolinska](/source/Droga_Kolinska) to [Atlantic Grupa](/source/Atlantic_Grupa) for €382 million.[5][6]

In September 2015, Istrabenz sold the [Kempinski Palace Portorož](/source/Kempinski_Palace_Portoro%C5%BE) for $25 million.[7] In March 2016, Istrabenz Turizem sold the Grand Hotel Adriatic in [Opatija](/source/Opatija) to Croatian company Teri-trgovina as part of a disinvestment program.[8]

In June 2016, Istrabenz sold the remaining 51% it held in Istrabenz plini (gas subsidiary) to Italian [Siad](/source/Siad_(company)).[9]

In September 2024, SDH announced that Istrabenz would merge with Istrabenz, which had reported losses for several years before. As part of the merger, SDH took over 50% of the shares of Adriafin.[10][11][12]

## References

1. ["Elements acquires debt claims of Istrabenz Holdings"](https://web.archive.org/web/20170108023737/http://www.elements-capital.com/news/elements-acquires-debt-claims-of-istrabenz-holdings). *Elements-capital.com*. June 2015. Archived from [the original](http://www.elements-capital.com/news/elements-acquires-debt-claims-of-istrabenz-holdings) on 2017-01-08. Retrieved 2016-07-06.

1. Andrew Cave (5 November 2014). ["How Business Leaders Can Use Fatigue And Depression To Their Advantage"](https://www.forbes.com/sites/andrewcave/2014/11/05/the-f-word-for-business-leaders-and-how-to-use-it-to-your-advantage/#790c1d525126). *Forbes.com*. Retrieved 2016-07-06.

1. Primož Cirman (31 March 2009). ["Maratonska seja zaključena: Igor Bavčar odstopil z mesta predsednika uprave Istrabenza"](https://www.dnevnik.si/1042255874/posel/novice/1042255874) (in Slovene). *Dnevnik.si*. Retrieved 2016-07-06.

1. Sukhpreet Manchanda (9 September 2009). ["Slovenian police detain two former managers on corruption charges"](http://www.topnews.in/slovenian-police-detain-two-former-managers-corruption-charges-2219436). *Topnews.in*. Retrieved 2016-07-06.

1. Neil MacDonald (6 December 2010). ["Profile: Atlantic Grupa"](https://www.ft.com/content/6a55b830-00d9-11e0-aa29-00144feab49a). *Ft.com*. Retrieved 2016-07-06.

1. ["Droga Kolinska je last hrvaškega Atlantic Grupa"](http://www.mladina.si/83920/01-07-2010-droga_kolinska__160_je_last_hrvaskega_atlantic_grupa/). *Mladina.si*. 1 July 2010. Retrieved 2016-07-06.

1. ["Portoroški hotel Kempinski prodan za 25 milijonov evrov"](http://www.rtvslo.si/gospodarstvo/portoroski-hotel-kempinski-prodan-za-25-milijonov-evrov/373798) (in Slovene). *Rtvslo.si*. 11 September 2015. Retrieved 2016-07-06.

1. ["Slovenia's Istrabenz unit completes sale of Grand Hotel Adriatic Opatija to Croatian company"](https://seenews.com/news/slovenias-istrabenz-unit-completes-sale-of-grand-hotel-adriatic-opatija-to-croatian-company-518946). *Seenews.com*. 29 March 2016. Retrieved 2016-07-06.

1. ["Istrabenz offloads gas subsidiary"](https://english.sta.si/2273643/istrabenz-offloads-gas-subsidiary). *Sta.si*. 13 June 2016. Retrieved 2016-07-06.

1. ["Nekoč Bavčarjev Istrabenz bodo pripojili k SDH"](https://www.delo.si/gospodarstvo/novice/nekoc-bavcarjev-istrabenz-bodo-pripojili-k-sdh) (in Slovene). *www.delo.si*. Retrieved 2026-04-14.

1. ["'Istrabenz je bil eden od stebrov obalno-kraškega gospodarstva' | 24ur.com"](https://www.24ur.com/novice/slovenija/istrabenz-je-bil-eden-od-stebrov-obalno-kraskega-gospodarstva.html) (in Slovene). *www.24ur.com*. Retrieved 2026-04-14.

1. ["Kaj pomeni ukinitev Istrabenza za portoroški turizem? - OBALAplus"](https://obalaplus.si/kaj-pomeni-ukinitev-istrabenza-za-portoroski-turizem/) (in sl-SI). *obalaplus.si*. 2024-09-17. Retrieved 2026-04-14.

## External links

- [Company website](http://www.istrabenz.si/eng/) [Archived](https://web.archive.org/web/20080101124051/http://www.istrabenz.si/eng/) 2008-01-01 at the Wayback Machine

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Adapted from the Wikipedia article [Istrabenz](https://en.wikipedia.org/wiki/Istrabenz) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Istrabenz?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.