J&T Private Equity takes stake in Slovenia's Petrol (updated)

Petrol dd Ljubljana

25/03/2015 16:34

(Adds investor's comment, market valuation) 
    PRAGUE, March 25 (Reuters) - A unit of J&T Private Equity 
Group (JTPEG) has acquired a stake of more than 7.9 percent in 
Petrol  PETG.LJ , Slovenia's main fuel retailer, the firm said 
on Wednesday. 
    Petrol operates 479 filling stations in Slovenia, Croatia, 
Bosnia, Serbia, Montenegro and Kosovo and posted a net profit of 
60.7 million euros ($67 million) last year.  ID:nL5N0WF0ME  
    The stake was acquired by J&T Investment Opportunities Ltd, 
a subsidiary of JTPEG. 
    JTPEG has been spun off from the banking activities of the 
closely held Czecho-Slovak financial group J&T. Its assets 
include a minority stake in Czech oil refining and 
petrochemicals firm Unipetrol  UNPE.PR . 
    JTPEG project manager Libor Kaiser told Reuters the stake 
was acquired from multiple investors and the company did not 
rule out raising it further. 
    He declined to disclose the price paid but said it reflected 
prices on the open market.  
    Petrol's shares traded at 279 euros on Wednesday, valuing 
the company at 582 million euros ($640 million). 
($1 = 0.9117 euros) 
 
 (Reporting by Jan Lopatka; Editing by Greg Mahlich) 
 ((jan.lopatka@thomsonreuters.com; +420224190474; Reuters 
Messaging: jan.lopatka.thomsonreuters.com@reuters.net)) 
 
Keywords: PETROL JTPEG/