Slovenia's Istrabenz Sells its 4 pct Stake in Petrol

Slovenia's tourism and energy firm Istrabenz has sold its 4.05 percent stake in the country's largest fuel retailer Petrol, Istrabenz said in a statement on Monday.

It gave no details of the deal or the buyer. It said last month it was planning to sell its stake in Petrol at a fixed price of 275 euros per share which would value its whole stake at 23.2 million euros ($29.00 million).

State-owned companies hold about 36 percent of Petrol, which has a market capitalisation of 589.3 million euros, while the rest of the company is in the hands of private investors.

Shares of Petrol eased by 0.6 percent to 282.5 euros on Monday, before the news was released, while the blue-chip SBI index lost 0.82 percent.

(1 US dollar = 0.8001 euro) (Reporting By Marja Novak; editing by Susan Thomas)