Key SSH assets management documents
Capital Assets Management Strategy
ADOPTED BY PARLIAMENT
The Ordinance on State Assets Management Strategy (Strategy) was adopted by the National Assembly of the Republic of Slovenia in 2025, stipulating the definition of state assets and their classification into individual types of assets (portfolio, important and strategic assets), and determining the development policies of the Republic of Slovenia in the role of a shareholder of companies together with individual strategic objectives pursued by the Republic of Slovenia in regard to each asset classified as strategic asset.
In accordance with the classification of assets into portfolio, important and strategic assets, and as it results from the Strategy, portfolio assets planned to be sold in an individual year are determined in each Asset Management Annual Plan.
Goals in managing individual capital assets
In accordance with ZSDH-1, as regards managing capital assets, goals differ according to the classification of a company and state assets in strategic, important or portfolio assets. Fundamental goals in asset management are as follows:
- Strategic goals: realising important social interest such as providing the relevant level and accessibility of infrastructure, rendering public services, ensuring security objectives, development objectives and realising other significant social interest;
- Development goals: maintaining key development functions in Slovenia;
- Economic goals: maximizing the value of assets and generating the highest return possible for the owner.
In regard to the above mentioned fundamental goals in asset management, capital assets are classified into three fundamental groups of assets, specifically:
- Strategic assets are assets in regard to which strategic and economic goals are pursued. Under Article 14, Paragraph 1 of ZSDH-1, the minimum stake to be kept in companies classified as strategic is 50% plus one vote.
- Important assets are assets in regard to which development and economic goals are pursued. Under Article 14, Paragraph 2 of ZSDH-1, the minimum stake to be kept in companies classified as important is 25% plus one vote.
- Portfolio assets are assets in regard to which solely economic goals are pursued. SSH may freely dispose of portfolio assets.
Annual Assets Management Plan 2026
ADOPTED BY: MANAGEMENT BOARD WITH CONSENTS BY SSH SUPERVISORY BOARD AND BY GOVERNMENT
At its session on 7 February 2026, the Government of the Republic of Slovenia granted its consent to the Annual Asset Management Plan for 2026 (hereinafter: “AAMP”), which serves as the key document guiding the operations of Slovenian Sovereign Holding (SSH) as the central manager of state capital assets.
In 2026, SSH’s project activities in the management of capital assets will be focused on the following key projects:
- participation in the restructuring processes of larger companies operating in cyclical industries and facing business and financial difficulties due to challenging market conditions;
- commencement of full operations of Dovos, d. o. o.;
- examination, establishment and launch of a new water company;
- examination of the possibility of acquiring an equity stake in Ljubljana Stock Exchange, d. d., or alternative options for ensuring the provision of stock exchange services in the Republic of Slovenia – at the initiative of the Ministry of Finance;
- examination of the feasibility of establishing a Slovenian shipping company – at the initiative of the Ministry of Infrastructure;
- examination of opportunities for state investments in agricultural production, the food-processing industry, and the establishment of sustainable and regional supply chains – at the initiative of the Ministry of Agriculture, Forestry and Food; and
- participation in the coordination of activities related to the planned transformation of the Savinja–Šalek region, the closure of the Velenje Coal Mine, and the development of the energy site of the Šoštanj Thermal Power Plant.
Annual Asset Management Plan 2026
Criteria for measuring the performance of companies
ADOPTED BY: MANAGEMENT BOARD WITH CONSENTS BY SSH SUPERVISORY BOARD AND BY GOVERNMENT
The criteria must consider the strategic objectives determined by the strategy and define economic and financial objectives.
*document is available only in Slovene
Corporate Governance Code for SOEs
ADOPTED BY: MANAGEMENT BOARD WITH CONSENT BY SSH SUPERVISORY BOARD
Principles and recommendations of good practice of coporate governance.
Assets Management Policy
ADOPTED BY: MANAGEMENT BOARD WITH CONSENT BY SSH SUPERVISORY BOARD
The Asset Management Policy includes principles, procedures and criteria which are applied by SSH in the performance of its duties. An important section of the document refers to the regulation of the nomination procedures within which candidates for members of Supervisory Boards of companies with State’s capital assets are selected in a regulated and transparent manner, following the competence criterion as the main selection criterion. Another important section of the Management Policy refers to the determination of procedures for the disposition of capital assets of the State.
The goal of the Asset Management Policy is to provide for the transparency, traceability and verifiability of decisions made by SSH.