Ljubljana Jože Pu?nik Airport is officially on sale with more than 75% of its shares being offered by the government and other minority shareholders.

The shareholder agreement was signed by the state, the state-run Pension Fund Management, or Kapitalska Druzba (KAD), the Slovenian Restitution Fund (SOD), the majority state-owned insurer Zavarovalnica Triglav and fund managers KD Skladi and NFD.

According to sources, the state-run SOD fund has started the selection of a financial adviser and it is to be completed by the end of November.

The state is the single biggest shareholder of the operator of the Jože Pu?nik Airport Ljubljana, owning a controlling 50.67% stake.

Aerodrom Ljubljana is on the list of 15 companies slated for privatisation in a bid to secure fresh budget revenue to buttress fiscal consolidation.

Media reports suggest that the operator of the nearby Venice and Treviso airports, SAVE S.p.A., is interested in acquiring the company. The KD Fund, a minority shareholder, said operators of Venice, Istanbul, Frankfurt, Zurich and Vienna airports, as well as Chinese companies and private funds, have all shown interest in purchasing shares at Ljubljana Jože Pu?nik.

The company reported H1 revenues of €14.84 million, up almost 2% over the year before. Net profit was up 50.3% to €2.98 million.