15th Jan 2019 10:59
LONDON (Alliance News) - JZ Capital Partners Ltd on Tuesday said it sold Petrocorner, a network of petrol stations in Spain, to a Spanish subsidiary of BP PLC for EUR12.1 million.
David Zalaznick, JZ's founder and investment adviser, said: "Petrocorner was a highly successful result of our buy-and-build strategy in the retail petrol sector. Our management partners did a superb job and we thank them for all their hard work.
"For JZ, the Petrocorner sale represents a further step towards our primary goal to achieve liquidity through realisations and refinancings. We hope to report on additional liquidity events throughout 2019."
Shares in the closed-end investment company were untraded at 440.00 pence each.
Related Shares:
BPJz Capital