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, and Pension Fund Management (KAD), which holds 11.8%, has followed suit.