NLB together with a Syndicate of Banks Successfully Financed Petrol's Expansion in Croatia

October 6, 2021

As the leading bank in the market for the organization of syndicated loans and issuance of securities, the continues to successfully support and finance the expansion of Slovenian companies in the region. Thus, we have signed a syndicated loan agreement with Petrol d.d., Ljubljana to finance their acquisition of a 100% business share in the company Crodux Derivati Dva d.o.o., totalling EUR 200,000,000.

The international syndicated loan was organized together with Privredna Banka Zagreb. Banka Intesa Sanpaolo, UniCredit Banka Slovenia, SID banka and SKB banka also participated in this syndicate.

"NLB remains a reliable partner of Slovenian economy both at home and in expanding Slovenian companies’ activities to international markets. We provide our clients with long-term sources of financing and advise them in proper structuring. Thusly, we support all projects that are important for the economic development of Slovenia, as well as the entire region,” said Andrej Lasič, Assistant to NLB’s Management Board for Corporate and Investment Banking at the end of the procedure. "We are proud to have successfully concluded the project with the team and in cooperation with a foreign partner bank, thus deepening our long-term cooperation with the Petrol Group, which will significantly increase the presence of the Slovenian economy in the markets of South-eastern Europe, "he added.

The acquisition of Crodux Derivati Dva d.o.o. is the largest transaction of Petrol in the last 10 years. With it, the Petrol Group will acquire 93 service stations in Croatia. The number of its points of sale, together with Petrol's existing services, will rise to over 200, and the Petrol Group's market share will grow from 13% to 23%. According to the Petrol Group, the acquisition will also enhance their role as an important link in increasing energy independence and efficiency, CO2 savings, the share of renewable energy sources of and sustainable mobility in the region.

NLB Communications