trending Market Intelligence /marketintelligence/en/news-insights/trending/Vktv-e9yYVHVAPtMu6QP9g2 content esgSubNav
In This List

JZ Capital exits Spanish fuel station operator Petrocorner

Blog

S&P 500 Q2 2022 Sector Earnings & Revenue Data

Blog

Banking Essentials Newsletter: September 28th edition

Blog

Worldwide smartphone shipment forecast through 2026: from small drop to mild recovery

Podcast

Next in Tech | Episode 84: The bear bites M&A


JZ Capital exits Spanish fuel station operator Petrocorner

JZ Capital Partners Ltd. said Madrid-based fuel station operator Petrocorner Retail SL was sold to a Spanish unit of BP PLC, or British Petroleum.

JZ Capital owns an 18.75% stake in Petroconer through JZI Fund III LP, a fund managed by private equity firm JZ International Ltd.

The publicly listed fund anticipates receiving €12.1 million in cumulative gross proceeds from the sale, including interim proceeds and escrows.

JZ Capital is a closed-end investment company targeting U.S. and European microcap companies and U.S. real estate. It receives investment advice from Jordan/Zalaznick Advisers Inc.