Slovenian NovaKBM bank has sold a package of 25,985 shares of energy group Petrol, which amounts to 1.24 % of the company’s total shares.
The transaction is worth around 10.5 million euros. The buyer of the majority of sold shares is the Croatian pension fund PBZ Croatia Osiguranje (PBZ CO).
Petrol’s shares are experiencing a growth trend in the past few days. With a 9.6 % jump on 25 October, the price amounts to 436 euros per share. All in all, in the past six days, the company’s market capitalization rose by 17.5 %.
Earlier this week, Petrol announced that it is planning to carry out a share split, increasing the number of its shares to 41,726,020 from 2,086,301 on 1 November. The statement from the company said that its share capital of 52.2 million euros will remain unchanged and the share price will be automatically adjusted to the 1:20 share split ratio. The share split was approved by the general shareholders meeting of Petrol in March.