Turkish company offers 100mln EUR for Knez Petrol

Turkish company Opet is interested in entering the Serbian oil and oil derivatives market through acquiring the Serbian petrol company, Knez Petrol.

The Chairman of Opet, Fikret Öztürk came to Belgrade mid-last week to meet with the proprietor of Knez Petrol, Srdjan Knezevic. The meeting was set up by the Turkish Ambassador to Serbia, Tanju Bilgic. Opet has 1,500 petrol stations in Turkey and a hotel chain called Ramada Resort in the town of Antalia.

A source of the Vecernje Novosti daily says that Öztürk offered Knezevic 100 million EUR to completely take over Knez Petrol which is the biggest petrol company in Serbia, after NIS. Knez Petrol has 85 petrol stations, 1,500 employees, and 100 oil tank-cars. The company’s annual revenue is close to 37 billion dinars.

Srdjan Knezevic is also the owner of Knez Agrar, a company that cultivates tens of thousands of hectares of agricultural land in Vojvodina and breeds around 50,000 heads of cattle.

Öztürk offered to take over the company by mid-August, i.e. before the announced official visit of the Turkish President, Tayyip Erdoğan to Serbia takes place.

(eKapija, 17.07.2017)



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