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OMV AG — M&A Activity 2009
Aug 5, 2009
751_iss_2009-08-05_3586455e-3f63-4112-989e-3c15f30cc234.pdf
M&A Activity
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keywords: other/ OMV / energy /
EANS-Adhoc: OMV Aktiengesellschaft / OMV and Dogan Holding in negotiations regarding a potential acquisition of Petrol Ofisi
------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
05.08.2009
OMV, the leading energy company in the European growth belt, and Turkish company Dogan Holding herewith announce that they are engaged in negotiations regarding OMV´s intention to acquire Dogan Holding´s stake in Petrol Ofisi. Petrol Ofisi is Turkey's leading refined oil products marketing company, active both in retail and commercial business.
OMV entered the Turkish market in 2006 by acquiring 34% of Petrol Ofisi, and increased its stake to 41.58% in the following years. Dogan Holding, which owns 54.17% of Petrol Ofisi, is the other major shareholder of the company.
OMV and Dogan referred to their stable partnership in Petrol Ofisi and added that there is no time pressure on any side but only the intention to optimise the respective portfolios. Both partners also stated that a continuation of the existing partnership may also be a possible outcome of the negotiations.
To strengthen its presence in Turkey would be consistent with OMV's strategy to optimize its position in markets with substantial mid- and long-term growth rates in Central and Southeastern Europe.
Further inquiry note: OMV Investor Relations Team: Tel. +43 1 40 440-21600 e-mail: [email protected]
Press office: Tel. +43 1 40 440-21660 e-mail: [email protected]
Internet Homepage: http://www.omv.com
| emitter: OMV Aktiengesellschaft Trabrennstraße 6-8 |
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| A-1020 Wien | |
| phone: +43 1 40440/21600 |
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| FAX: +43 1 40440/29496 |
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| mail: [email protected] |
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| WWW: http://www.omv.com |
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| sector: Oil & Gas - Downstream activities |
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| ISIN: AT0000743059 |
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| indexes: ATX Prime, ATX |
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| stockmarkets: official dealing: Wien | |
| language: English |