October 18 (SeeNews) - Slovenian energy company Petrol [LJE:PETG] said it is merging into itself its local subsidiary Petrol Geoterm.
Petrol has submitted the contract on merger by acquisition concluded with Petrol Geoterm to the registration authority, Petrol said in a filing to the Ljubljana Stock Exchange on Wednesday.
You can subscribe to our M&A newsletter here
Founded in 1960, Petrol Geoterm provides mining, processing, and transportation of natural gas as well as management and development of geothermal district heating systems.
As of May 10, 2013, Petrol Geoterm operates as a subsidiary of Petrol.
Petrol d.o.o. is among the biggest companies in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here