Petrol signs agreement on the purchase of a 53% participating interest in Istrabenz Gorenje, d.o.o
Ljubljana, 20 June 2011: Yesterday afternoon, Petrol signed an agreement on the purchase of a minimum 53.4493% participating interest in Istrabenz Gorenje, d.o.o. The company is thus implementing the plans set out in its strategy for the period 2010 to 2014.
Petrol d.d., Ljubljana signed agreements on the purchase of a 46.5507% participating interest in Istrabenz Gorenje, d.o.o from Gorenje, d.d. and a minimum 6.8986% and a maximum 9.9997% participating interest in Istrabenz Gorenje, d.o.o. from Mr. Robert Golob, representing Mr Golob's entire participating interest in the aforementioned company. The agreements will enter into force when all contractually agreed suspensive conditions have been met.
The Istrabenz Gorenje Group markets electricity in Slovenia, on the EU market and in South-eastern Europe. It also sells electricity to end users in Slovenia. The Istrabenz Gorenje Group's activities also include innovative solutions in the area of sustained energy, and the efficient use of energy and the use of renewable energy sources. Petrol, which becomes the leading energy company in Slovenia with the purchase of the aforementioned participating interest in Istrabenz Gorenje, d.o.o., is also active in these areas.
Tomaž Berločnik, President of Petrol's Management Board provided this comment: "By signing this agreement on the purchase of a participating interest in Istrabenz Gorenje, Petrol has taken a significant step in implementing its strategic policies, which envisage intense commercial development in this segment. Petrol is thus becoming a true energy company, and strengthening its position as an electricity supplier and its activities relating to the use of renewable energy sources in Slovenia."
Management Board of Petrol d.d., Ljubljana
Petrol d.d., Ljubljana signed agreements on the purchase of a 46.5507% participating interest in Istrabenz Gorenje, d.o.o from Gorenje, d.d. and a minimum 6.8986% and a maximum 9.9997% participating interest in Istrabenz Gorenje, d.o.o. from Mr. Robert Golob, representing Mr Golob's entire participating interest in the aforementioned company. The agreements will enter into force when all contractually agreed suspensive conditions have been met.
The Istrabenz Gorenje Group markets electricity in Slovenia, on the EU market and in South-eastern Europe. It also sells electricity to end users in Slovenia. The Istrabenz Gorenje Group's activities also include innovative solutions in the area of sustained energy, and the efficient use of energy and the use of renewable energy sources. Petrol, which becomes the leading energy company in Slovenia with the purchase of the aforementioned participating interest in Istrabenz Gorenje, d.o.o., is also active in these areas.
Tomaž Berločnik, President of Petrol's Management Board provided this comment: "By signing this agreement on the purchase of a participating interest in Istrabenz Gorenje, Petrol has taken a significant step in implementing its strategic policies, which envisage intense commercial development in this segment. Petrol is thus becoming a true energy company, and strengthening its position as an electricity supplier and its activities relating to the use of renewable energy sources in Slovenia."
Management Board of Petrol d.d., Ljubljana
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