New owner sought for Helios?

Austria's Ring International, which has recently taken over Helios, is already looking for someone to sell this company to, the Slovenian daily Finance writes.

The reason for this lies in decreased revenues in eastern Europe. No official response has been given by Ring yet. Helios CEO Ales Klavzar, however, claims that the company is not for sale and that it continues to expand instead, which is why fresh capital is required.

- The search for fresh capital may lead to Helios getting a new co-owner whose stake could not exceed 15% - Klavzar says to Finance.

However, Finance writes that its sources confirm that Helios is put up for sale and that the deal could be closed soon.

HELIOS d.o.o. Domžale

Ring international holding

Helios

Ales Klavzar

Ring International