Slovenia's Istrabenz sells its 4 pct stake in Petrol

Petrol dd Ljubljana

03/11/2014 14:55

LJUBLJANA, Nov 3 (Reuters) - Slovenia's tourism and energy 
firm Istrabenz  ITBG.LJ  has sold its 4.05 percent stake in the 
country's largest fuel retailer Petrol  PETG.LJ , Istrabenz said 
in a statement on Monday. 
    It gave no details of the deal or the buyer. It said last 
month it was planning to sell its stake in Petrol at a fixed 
price of 275 euros per share which would value its whole stake 
at 23.2 million euros ($29.00 million).  ID:nL6N0SC3CP  
    State-owned companies hold about 36 percent of Petrol, which 
has a market capitalisation of 589.3 million euros, while the 
rest of the company is in the hands of private investors. 
    Shares of Petrol eased by 0.6 percent to 282.5 euros on 
Monday, before the news was released, while the blue-chip SBI 
index  .SBITOP  lost 0.82 percent. 
1 US dollar = 0.8001 euro) 
 
 (Reporting By Marja Novak; editing by Susan Thomas) 
 ((Marja.Novak@thomsonreuters.com; +386-8-205-6369; Reuters 
Messaging: marja.novak.thomsonreuters.com@reuters.net)) 
 
Keywords: SLOVENIA PETROL SLO ENERG/