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.
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