The purchase price for a 100% business share is EUR 191.7 million - Petrol d.d. Ljubljana will also assume a net financial debt to banks in the amount of EUR 19.2 million. The purchase and refinancing of the assumed debts were financed with an international syndicated loan in the amount of EUR 200 million, organized by the bank NLB d.d. together with Privredna banka Zagreb d.d.

With the acquisition of Crodux Derivatives Dva d. o. o., the Petrol Group strengthens its position as the second largest supplier of petroleum products in Croatia. With a total of 204 points of sale, the Petrol Group's market share in Croatia will increase from 13% to 23%.

The largest one-off increase in points of sale in the entire history of the Petrol Group

The takeover of Crodux Derivati ​​Dva d. O. O. Is the largest acquisition of Petrol d. D., Ljubljana in the last ten years and represents the largest one-off increase in sales outlets in the entire history of the Petrol Group. With this takeover, the group will get another 93 gas stations. With a total of 204 points of sale, the Petrol Group's market share in Croatia will increase from 13% to 23%. In the SE Europe region, the Petrol Group will have 594 points of sale. The estimated EBITDA of Crodux Derivati ​​2 d.o.o. for the year 2021 is EUR 37 million (without the impact of IFRS16).

"Today is a very important day for Petrol. The Petrol Group has grown to more than 6,000 dedicated, heartfelt and knowledgeable employees. To all new associates in the company Crodux Derivati ​​Dva d.o.o. we wish a sincere welcome to our, and now their Petrol group. We know very well that employees are the heart of every company and we believe that together we will be not only bigger, but also stronger and better. By connecting two strong brands, we will offer customers, also employees and shareholders, the best of both companies and, as a leading partner in the energy transition, continue to build a future-oriented ecosystem of sustainable, and above all modern and digitized services. Thus, we plan to transfer good practices, with which we want to become the leading supplier of fuel and sustainable energy solutions in Croatia by 2025, which with today's takeover has become our second home "at the end of the takeover and the beginning of the integration process explains Nada Drobne Popović, President of Petrol .

Ivan Čermak, owner and founder of the company Crodux Derivati ​​Dva d. o. o .: “The company Crodux Derivati ​​Dva d. o. o. is one of the most important sellers of petroleum products on the Croatian market. In eight years, we have almost doubled the retail network of modern gas stations. With high quality motor fuels, a diverse selection of goods and services and a rich catering offer, we have created a wide range of loyal customers. Over 1,100 highly motivated employees have made important contributions to the creation of Crodux as a trusted partner. We are connected with Petrol by the same values ​​and focus on providing top products and services for our clients, so I am convinced that the integrated company will also operate successfully. "

Crodux Derivatives Dva d. o. o. remains an independent company until it merges with Petrol d. o. o.

The merged company will be the second largest supplier of petroleum products in Croatia, the total sales revenues (including excise duties) of the Petrol Zagreb Group and Crodux Derivati ​​Dva d.o.o. in 2020 are estimated at around 1 billion euros, which would make it one of the largest companies in Croatia.