By: J.S., STA
Slovenian energy group Petrol completed the acquisition of an outright stake in Croatian fuel retailer Crodux after having fulfilled all suspensive conditions.
This is the company’s largest acquisition in a decade and it affirms its position as the second largest provider of oil derivatives in Croatia. The purchase consideration was EUR 191.7 million and Petrol will also assume net financial liabilities to banks in the amount of EUR 19.2 million, the company said.