The Batižele site encompasses an area of ​​220,823 m² at the western entrance to the city of Šibenik. Situated right next to the historic city center and Banj city beach, it features 880 meters of coastline and offers an attractive view of the ancient city of Šibenik.

The Electrode and Ferroalloy Factory (TEF) was located on this area until 1994, and immediately after its closure, the process of dismantling and ecological rehabilitation began.

By the decision of the Government of the Republic of Croatia from August 2018, the development project "Batižele" was accepted, which proposed the activation of the company's assets with the aim of economic development with active participation and partnership between the City of Šibenik and the Government of the Republic of Croatia, which implied the division of the company TEF Electrode Factory and ferroalloy d.d. Šibenik and increasing the share capital by converting state and city claims into shares in a new company created in the division process.

In the carried out division procedure, a part of the share capital of the company TEF Tvornica elektroda i ferroalegura d.d. was transferred. Šibenik to the new company Batižele d.o.o., in the amount of HRK 148,500,000.00 (19.710.664,28 €), which was registered in the court register of the Commercial Court in Zadar - permanent office in Šibenik in November 2018.

The process of increasing the share capital of Batižele d.o.o., by converting state and city claims into shares, was completed in the court register of the Commercial Court in Zadar - permanent service in Šibenik in April 2020, whereby the share capital of BATIŽELE d.o.o. increased from the amount of HRK 148,500,000.00 to the amount of HRK 296,615,600.00 (39.367.653,46 €).

After the recapitalization procedure, the City of Šibenik has two business shares with a nominal value of HRK 201,540,600.00 / 26.749.034,44 € (67.94% of the share capital), the Republic of Croatia has one business share with a nominal value of HRK 67,154,500.00 / 8.912.933,84 € (22.64% of the share capital), the Fund for environmental protection and energy efficiency, one business share with a nominal value of HRK 25,852,700.00 / 3.431.243,01 € (8.72% of the share capital) and Croatian Water, one business share with a nominal value of HRK 2,067,800.00 / 274.444,22 € (0.70% of the share capital).

On December 19, 2023, the General Meeting of the Company adopted a resolution on a simplified reduction of share capital to eliminate accumulated losses arising from the TEF demerger process and to ensure capital adequacy (in accordance with Article 465-a of the Companies Act), as well as to align the share capital and business shares with the euro (pursuant to amendments to the Companies Act, Official Gazette Nos. 114/2022 and 18/2023).

The said Resolution became effective upon its entry into the court register on February 26, 2024, at which time the Company’s share capital was reduced to €5,300,000.00, while continuing to consist of five business shares. This process resulted solely in a reduction of the nominal value of the shares and did not affect the percentage ratio of the ownership structure.