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OMV AG — M&A Activity 2002
Sep 16, 2002
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M&A Activity
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Ad-hoc | 16 September 2002 11:00
OMV AG english
OMV: German network of filling stations almost doubled in one week Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– OMV: German network of filling stations almost doubled in one week – OMV Deutschland acquires another 40 filling stations – Additional fuel sales of 120 million liters per annum – Market share in Bavaria will increase to 4.5% OMV Group, the Central European oil and gas group, announces that OMV Deutschland GmbH, its wholly owned subsidiary, has acquired 40 filling stations in Bavaria from Martin GmbH & Co. KG in Nuremberg. The addition of these new filling stations, alongside the 32 acquired from Shell & DEA Oil last week, almost doubles OMV’s number of filling stations in Germany from 79 to 151. When taking this acquisition into account OMV’s filling station network totals 1,305 stations, compared with 1,160 at the beginning of 2002. OMV Deputy Chairman Gerhard Roiss commented: “This 12% increase was achieved through a program of both opening new stations and acquiring existing stations.” As of January 2, 2003, OMV will be taking over the filling station network of Martin GmbH & Co. KG in the metropolitan area of Nuremberg. The filling stations are operating under the DEA brand name. With this acquisition, OMV extends its previous distribution territory from Southeast Bavaria to Northern Bavaria and will increase the sales volume of OMV Deutschland by approximately 120 million liters per annum. Along with last week’s acquisition, this deal will double OMV Deutschland’s total annual sales volume to approximately 480 million liters. This corresponds to an increase in market share in Bavaria from 2% to 4.5%. OMVs declared goal is to reach the 10% mark by 2008. The acquisition has already been approved by the German Monopolies and Mergers Commission. Information about the purchasing price will not be released as the parties have agreed confidentiality. end of ad-hoc-announcement (c)DGAP 16.09.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Notes to editors: OMV has maintained a presence in Bavaria since 1987. In addition to its refinery in Burghausen, dedicated primarily to the production of middle distillate and petrochemical raw materials, OMV has also been active in the commercial and retail businesses. In 2001, OMV Deutschland GmbH generated sales of approximately EUR 1.4 billion. The company covers more than 50% of the aircraft turbine fuel requirement of Franz Josef Strauss Airport in Munich. From its marketing office in Landshut in Lower Bavaria, support is provided to 79 OMV filling stations in Southeast Bavaria, almost 90 OMV brand partners and approximately 4,000 users of lubricants, chemical-technological products, fuels and EXTRA light heating oil. In 2001, the company employed a staff of 528. For further information, please contact: OMV Press: Bernhard Hudik Tel. 0043 1 40440 21660; e-mail: [email protected] Investors/Analysts: Brigitte H. Juen Tel. 0043140440 21622;e-mail: [email protected] Internet home page:http://www.omv.com Weber Shandwick Square Mile Claudine Cartwright, London Tel: +44 20 7950 2862; E-Mail: [email protected] Golin Harris Ludgate Allan Jordan, New York Tel: +1 (212) 697 9191; E-Mail: [email protected] ——————————————————————————– WKN: 874641; ISIN: AT0000743059; Index: ATX Listed: Amtlicher Handel in Wien; Amtlicher Markt in Frankfurt und Hamburg; Freiverkehr in Berlin, Hamburg und Stuttgart 161100 Sep 02