Petronord further expands in Sweden

Hamburg  |  14 July 2021  |  Press release

Petronord further expands in Sweden

Press Contact

Volker Tiedemann
Managing Director
Petronord GmbH & Co. KG
+49 40 37004-0

The expansion of the Petronord Group in Sweden continues steadily, even under difficult conditions caused by the Corona pandemic. Subject to the approval of the antitrust authorities, Petronord will acquire shares in the trading company Runes AB as of January 1, 2022.

The family-run company Runes AB is based in Emmaboda, a town in the southern Swedish province of Kalmar län, with the sales area also covering parts of the historic province of Småland. Runes AB serves its commercial and end-user customers with a team of ten employees. The business activities focus on the sale of diesel fuels. In addition, the company operates a service-station network with seven automatic filling stations and one classic filling station. The sale of heating oil and lubricants rounds off the portfolio.

Petronord will hold the shares in Runes AB through its associated company PS Energi AB, Halmstad. The other 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.

Petronord is a subsidiary of Mabanaft, a leading independent and integrated energy company. Under the Petronord umbrella, 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.