Mabanaft subsidiary Petronord has bought shares in family-run company Runes, a fuel marketing and distribution company based in Emmaboda, Kalmar län, Sweden.
Runes AB has commercial and end-user customers and mainly focusses on diesel, but also operates a a service-station network with seven automatic filling stations and one classic filling station, as well as selling heating oil and lubricants. Petronord will hold its Runes shares through subsidiary PS Energi. The remaining Runes shares will be held equally by Alf Johansson, the previous owner, and Anders Rungegård.
‘This new acquisition is an excellent addition to the sales territory of PS Energi AB and will further strengthen the Group’s market position in southeast Sweden. It marks another step in Petronord’s solid growth in Sweden,’ says Petronord in a statement.