Petrol Signed Agreement on the Purchase of the Remaining Participating Interest in Istrabenz Gorenje, d.o.o.
Ljubljana, Koper, 29th July, 2011 Petrol d.d., Ljubljana signed an agreement with Istrabenz, d.d. to purchase a 46.5507% participating interest in Istrabenz Gorenje, d.o.o., thus becoming a 100% owner of the Istrabenz Gorenje Group after all contractually agreed suspension conditions have been met.
Petrol d.d., Ljubljana signed an agreement on the purchase of a 46.5507% participating interest in Istrabenz Gorenje, d.o.o from Istrabenz, d.d. Following this purchase and the purchase of participating interests in the Istrabenz Gorenje Group from Gorenje d.d. and Robert Golob a month ago, and after all contractually agreed suspension conditions have been met, Petrol will become a 100% owner of the Group.
The Istrabenz Gorenje Group is particularly engaged in the production, distribution and marketing of electricity and providing innovative solutions in the area of sustainable energy, efficient energy use and the use of renewable resources. Petrol is also active in all these areas. Through the acquisition of Istrabenz Gorenje d.o.o., Petrol is becoming the leading provider of comprehensive energy supply services in Slovenia.
Tomaž Berločnik, Chairman of the Management Board of Petrol, provided this comment: »By purchasing a 100% participating interest in Istrabenz Gorenje, Petrol has implemented its strategic policies and strengthened its position as an electricity supplier for the Region and leading energy company in Slovenia.«
Management Board of Petrol d.d., Ljubljana
Petrol d.d., Ljubljana signed an agreement on the purchase of a 46.5507% participating interest in Istrabenz Gorenje, d.o.o from Istrabenz, d.d. Following this purchase and the purchase of participating interests in the Istrabenz Gorenje Group from Gorenje d.d. and Robert Golob a month ago, and after all contractually agreed suspension conditions have been met, Petrol will become a 100% owner of the Group.
The Istrabenz Gorenje Group is particularly engaged in the production, distribution and marketing of electricity and providing innovative solutions in the area of sustainable energy, efficient energy use and the use of renewable resources. Petrol is also active in all these areas. Through the acquisition of Istrabenz Gorenje d.o.o., Petrol is becoming the leading provider of comprehensive energy supply services in Slovenia.
Tomaž Berločnik, Chairman of the Management Board of Petrol, provided this comment: »By purchasing a 100% participating interest in Istrabenz Gorenje, Petrol has implemented its strategic policies and strengthened its position as an electricity supplier for the Region and leading energy company in Slovenia.«
Management Board of Petrol d.d., Ljubljana
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