Žito, d.d. has completed a valuation of its chocolate and confectionery units

The shareholders of Žito, d.d. have completed a valuation for the business unit Gorenjka and its subsidiary Šumi.

Žito d.d. is a publicly-listed Slovenian company involved in the manufacturing of confectionery, bakery and other packaged food goods. Žito’s primary market is Slovenia. The product portfolio of the business unit Gorenjka is focused on the chocolate industry, producing light and dark chocolate, rice chocolate, sponge cakes and rolls. Some brands include Gorenjka, Bali and Mistica. The product portfolio of the subsidiary Šumi is focused on sweets and chewing gum which represent more than half of Šumi’s sales. In addition, functional candy is sold under the brand name Herba.

Oaklins' team in Austria acted as financial advisor to Zito in finding the market value for the business unit Gorenjka and its subsidiary Šumi. Gorenjka is part of the confectionery division of the parent company Žito d.d, responsible for 43% of sales from the confectionery segment. Šumi bonboni is Žito d.d’s sugar confectionery division and responsible for 57% of total sales also from the confectionery division.