Slovenia's Istrabenz to Sell its 4 pct Stake in Petrol

Slovenia's tourism and energy holding Istrabenz will sell its 4.05 percent stake in the country's largest fuel retailer Petrol at 275 euros per share, Istrabenz said in a statement on Friday.

It said investors would get invitations to bid for the 84,490 shares on sale at a fixed price.

State-owned companies hold about 39 percent of Petrol, which has market capitalisation of 595 million euros, while the rest is in the hands of private investors.

Petrol shares closed 1.05 percent up at 288 euros on Friday, before the news was released, while the blue-chip SBI index gained 0.66 percent.

(Reporting By Marja Novak; editing by Zoran Radosavljevic and David Evans)