PETROL, d.d., Ljubljana (LJSE: PETG) signed an agreement to acquire remaining 51% stake in Instalacija D.O.O. Koper from Istrabenz d.d. (LJSE: ITBG) for €57.8 million on September 23, 2011. In 2010, Instalacija generated net sales revenues of €14.3 million. The transaction is subject to contractually stipulated suspension conditions. The Supervisory Board of the company Istrabenz, d.d. granted its approval with regard to the sale on September 22, 2011.

As of January 30, 2012, PETROL, d.d completed the purchase of 28.05% stake in Instalacija. Of the total consideration, €32 million have been paid and balance of €28.8 million and transfer of remaining interest will be paid in two equal installments by 2013.

PETROL, d.d., Ljubljana (LJSE: PETG) completed the acquisition of remaining 51% stake in Instalacija D.O.O. Koper from Istrabenz d.d. (LJSE: ITBG) on February 12, 2013.