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Petrol Raises Bid for Istrabenz

Ljubljana, 26 October - Fuel company Petrol on Friday raised its takeover bid for conglomerate Istrabenz to EUR 110 per share, which is EUR 10 more it initially offered. The state-run Restitution Fund (SOD) had announced immediately it had accepted the bid for its 16.4% stake in Istrabenz, while Pension Fund Management (KAD), which holds 11.8%, has since followed suit.

Ljubljana
Petrol sign at a service station belonging to Slovenia's largest fuel retailer.
Photo: Domen Groegl/STA

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