Elektro Ljubljana’s assembly approves merger with Gen-I

Shareholders of Elektro Ljubljana d.d. endorsed the plan for the merger of its subsidiary Elektro Energija with fellow Gen-I d.o.o., making another step in the creation of the largest electricity trader in the former Yugoslav republic.

The 21st regular shareholders’ assembly at the old power station saw representatives of 89.04% of capital.

Participants adopted the annex regulating the disposal of the 100%  ownership in Elektro Energija for the adequate share in Gen-EL and with it the stake in Gen-I. The joint enterprise will control 40% of the market, but integration won’t bring any change for customers, as trademarks will remain separate, the companies said last year.