Crodux LPG / Petrol Group
The private shareholders of Crodux LPG have sold the company to Petrol Group.
Crodux LPG is part of the leading Croatian energy group Crodux. The company distributes around 25,000 tons of LPG annually, with a product mix consisting of auto gas, cylinders and bulk LPG. With a full in-house logistic system and its own transportation fleet, Crodux LPG’s operations are organized around four modern terminals across Croatia with total capacity of 7,000 m³ and a distribution center.
Petrol Group is a Slovenian oil distribution company, controlling 520 petrol stations. It is one of the largest in Slovenia and the former Yugoslavia. The company’s main business activity is trading in oil derivatives, gas and other energy products, which generates more than 80 percent of its revenue, with a leading market share in the Slovenian market. Petrol also trades with consumer goods and services, which generates just under 20 percent of its revenue.
Oaklins’ team in Croatia advised the seller in this transaction.
Cavendish played an invaluable role throughout a complex transaction and in particular getting the transaction across the finishing line.
This deal provides an excellent platform for the Levolux business to continue its overseas expansion. As well as the compelling strategic fit, Alumasc provides an excellent home for the Levolux brand and team. We are delighted with the outcome and the support extended to us by Cavendish.
This has been a highly complex transaction involving 10 jurisdictions. Cavendish has held our hands throughout the process, providing a dedicated team who have done a superb job; this has greatly reduced interruptions to our businesses whilst adhering to the original timetable. Cavendish has achieved a very successful sale at a fair price to a buyer who will enjoy significant strategic value from the purchase.
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