After ordering the sale of fuel retailer Corbenz last year, Croatia’s anti-trust agency has approved Russia’s Lukoil as the purchaser. AZTN originally ordered the sale after Corbenz’ largest shareholder increased its stake to 47%, making their total interest in Croatia too large in combination with similar holdings. A small enterprise with only 14 petrol stations [...]

Acting on a request from its nation’s government, Croatian oil company INA has agreed to sell the Crobenz petrol chain to Progress Trading of Slovakia, associated to Slavia Capital. The government request was issued by the Croatian anti-trust agency after MOL increased its INA stake to 47% last year, making the company’s total market share [...]