Petronord Acquires a Stake in NB Oljor, Sweden

Hamburg | 29.11.2019

The Petronord group, which focuses on the end-consumer sales of energy products and the operation of commercial filling stations, continues to grow: Subject to approval by the antitrust authorities, Petronord will acquire shares in NB Oljor as of March 1, 2020. This is Petronord's fourth investment in a Swedish company.

NB Oljor is based in Västerås, a town in southern Sweden approx. 100 km west of Stockholm, with a population of 110,000. It is a regionally established trading company. The beginnings of the company, which now employs eight people, date back to the 1950s.

The focus of NB Oljor's business activities is the sale of heating oil and diesel fuel to end consumers and commercial customers. The portfolio currently also includes five automatic filling stations.

Petronord will own the shares in NB Oljor through its Swedish holding Petronord Scandinavia AB. Filip Forsgren, one of the future shareholders, takes over the management of the company.

Petronord is a subsidiary of Mabanaft, the trading division of Marquard & Bahls, Germany. Under the Petronord umbrella, 33 retail companies in Germany, Austria and Sweden are active in the heating oil and diesel end-consumer business, lubricants distribution, the operation of service stations for commercial trucking fleets ("pool stations"), and the trading of bitumen, wood pellets, natural gas, and electricity.

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