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Petrol Publishes Takeover Bid for Istrabenz

Ljubljana, 10 October - Energy company Petrol published on Wednesday an all-cash EUR 518m takeover bid for Istrabenz, the energy-through-tourism conglomerate. Petrol is offering EUR 100 per share, well below the EUR 135 that Istrabenz currently fetches on the Ljubljana Stock Exchange.

Ljubljana
Petrol sign at a gas station of Slovenia's largest energy company.
Photo: Domen Groegl/STA

Portoroz
Istrabenz CEO Igor Bavcar.
Photo: Andrej Klemencic/STA

Ljubljana
Marko Kryzanowski, CEO of energy company Petrol
Photo: Stanko Gruden/STA

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