Crodux LPG has been acquired by Petrol Group
The private shareholders of Crodux LPG have sold the company to Petrol Group.
Crodux LPG is part of the leading Croatian energy group Crodux. The company distributes around 25,000 tons of LPG annually, with a product mix consisting of auto gas, cylinders and bulk LPG. With a full in-house logistic system and its own transportation fleet, Crodux LPG’s operations are organized around four modern terminals across Croatia with total capacity of 7,000 m³ and a distribution center.
Petrol Group is a Slovenian oil distribution company, controlling 520 petrol stations. It is one of the largest in Slovenia and the former Yugoslavia. The company's main business activity is trading in oil derivatives, gas and other energy products, which generates more than 80 percent of its revenue, with a leading market share in the Slovenian market. Petrol also trades with consumer goods and services, which generates just under 20 percent of its revenue.
Oaklins' team in Croatia advised the seller in this transaction.
Talk to the deal team
Related deals
Bolster Investment Partners has acquired a majority stake in Eternal Sun
Bolster Investment Partners, a Netherlands-based investment firm, has acquired a majority stake in Eternal Sun, a global technology leader in advanced solar panel testing equipment, from ABN AMRO Sustainable Impact Fund, a private impact fund based in the Netherlands, and Vermec, a Belgium-based investment firm.
Learn moreiwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.
Learn moreEcosun Expert has been acquired by TSG Group
The successful acquisition of Ecosun Expert by TSG Group has been completed.
Learn more