Slovenia: Petrol Expands To Include Retail Stores

Slovenia: Petrol Expands To Include Retail Stores

Transport business, car-sharing and banking are other areas of interest

A leading energy company in the country, Petrol, has decided to expand its retail business to include shops in city centers across the country, with the first shops opening end of May.

Empowering its customers to pay their bills and place sports bets, among other things, Petrol will also offer regular retail products. The shops and facilities will reflect those of Petrol's fuel stations, which by now make the company the third biggest retailer after Mercator and Spar in terms of revenue.

Petrol proposes to expand its business from filling stations to city centers, with each shop having ten workers.

However, Petrol seems to be tapping into other fields as well, keeping an eye on the transport business, car-sharing and banking.

Petrol, had in recent years expanded the electricity retail market. The company was also considering buying GoOpti, a company providing shared and private transfers to airports and between towns.

It had invested EUR 2.2m into a hydro-power plant in Bosnia and Herzegovina and has also purchased a Croatian gas company and a wind farm operator. By building two commercial buildings, it also plans to enter the real-estate business. Petrol acquired a company specialized in non-cash payments mBills, last year. The company is also interested in the car rental company Avant Car, which plans to switch to car-sharing. The company is also interested in the banking business and is eyeing the Lon bank.

In line with Petrol's commitment to sustainable progress and e-mobility, the company had been among the first to tap into the market in 2012. Petrol, in 2015 opened the first universal electric car filling station. Petrol, last year generated EUR 538.3m in revenue from merchandise sales, and proposes to raise the figure to EUR 719m by 2020. Source: Total Slovenia News PWKD10042018

Last modified onMonday, 09 April 2018 12:27
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