The owners of Elan headed by the Slovenian Sovereign Holding (SSH) in Ljubljana signed a contract on the sale of 100 percent stake of Elan to Bank of America Merrill Lynch and to Wiltan Enterprises. Foto: BoBo
The owners of Elan headed by the Slovenian Sovereign Holding (SSH) in Ljubljana signed a contract on the sale of 100 percent stake of Elan to Bank of America Merrill Lynch and to Wiltan Enterprises. Foto: BoBo

Wiltan Enterprises, owned by the Russian venture capital fund VR Capital, acquired the 95.1% stake in the company, and the american bank 4.9% stake.

The employees are satisfied, as the signing of the contract finally ended the agony. SSH claims that this sale will preserve the company, and as many jobs as possible, after the European Commission had deemed the state aid illegal. The new owners will do their best to assure financing for repayment of the 12 million euro from the illegal state aid.