Istrabenz Holding Company has sold a 12% stake in Petrol d.d. to private foreign investors. Financial details have not been disclosed.
Petrol retails fuel through 476 service stations and operates energy related businesses, particularly natural gas, heat, electricity, wooden biomass in the region of western Balkans.
The acquiring investment fund originated in Cyprus and is an investment vehicle for J&T Group, a Central European investment group founded in 1993 in Slovakia. It pursues business in the private equity and banking sectors, the largest portion of the value of its investments being in the Czech Republic and Slovakia. J&T invests mainly into financial services, energy sector, real estate, health care, media and sports.
Istrabenz Holding Company is responsible for strategic asset management and supervision of its subsidiaries operating in energy, tourism, IT and other sectors. The company divested its large ownership stake in Petrol due to commitments given to banks in its compulsory settlement procedure.
Oaklins' team in Slovenia was the exclusive advisor to the seller in this transaction.
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