PBZ Croatia Osiguranje increased its ownership stake in Petrol d.d. from 1.78% to 3.03% by acquiring 25,985 shares in a successful transaction advised by KF Finance.

Target Company Overview

On October 26, 2022, KF Finance successfully concluded the sale of shares in Petrol d.d., based in Ljubljana, serving as the financial advisor for NKBM d.d. The process involved the sale of 25,985 shares, representing a 1.24% stake in the company. A significant portion of this package, totaling 21,000 shares, was acquired by PBZ Croatia Osiguranje, a Croatian pension fund. As a result of this transaction, PBZ Croatia Osiguranje increased its ownership stake in Petrol from 1.78% to 3.03%. The remaining 4,985 shares were purchased through a fiduciary account managed by Intercapital.

Industry Overview in Slovenia

Slovenia's energy sector, particularly the retail fuel distribution market, is characterized by a small number of dominant players, with Petrol d.d. being one of the key entities. The country's geographical location and membership in the European Union contribute to its strategic importance, as it serves as a bridge between Western and Eastern Europe. This transitory position has enabled Slovenia to attract foreign investments in infrastructure related to energy distribution and alternative energy sources.

Petrol d.d. operates within a well-regulated framework, ensuring compliance with EU regulations. The company not only engages in fuel distribution but also invests increasingly in renewable energy projects to