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OMV AG — M&A Activity 2016
Feb 12, 2016
751_iss_2016-02-12_3e61dc4e-797c-4f50-a4ec-6316465732be.pdf
M&A Activity
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EANS-Adhoc: OMV Aktiengesellschaft / OMV initiates process to sell OMV 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.
Strategic management decisions/OMV / Oil / Gas / Austria / OMV Petrol Ofisi / Turkey
- Further important step in OMV's strategy of focusing on upstream and integrated downstream business activities
OMV announces to initiate a process to sell up to 100% of its wholly owned subsidiary OMV Petrol Ofisi A. S., a leading company in the Turkish oil products retail and wholesale market. OMV is currently selecting its advisors to support the potential transaction and the structuring of the envisaged process. A potential transaction is aimed at optimizing OMV's integrated portfolio in a challenging market environment.
OMV Petrol Ofisi is a leading player in the Turkish fuel distribution industry. With 1,785 fuel stations the company operates the largest retail station network in Turkey and it is a leading fuels supplier to commercial and industrial customers. Total sales volume in 2015 amounted to ca. 10 million tons. In addition, OMV Petrol Ofisi owns the largest fuel storage and logistics business in Turkey with a total storage capacity in excess of 1 million cubic meters. The company is also the largest distributor of lubricants in Turkey.
Further inquiry note: OMV
Investor Relations:
Felix Rüsch
Tel. +43 1 40 440-21600
e-mail: [email protected]
Media Relations:
Robert Lechner
Tel. +43 1 40 440-21472
e-mail: [email protected]
| Internet Homepage: http://www.omv.com | |
|---|---|
| issuer: | OMV Aktiengesellschaft |
| Trabrennstraße 6-8 | |
| A-1020 Wien | |
| phone: | +43 1 40440/21600 |
| FAX: | +43 1 40440/621600 |
| mail: | [email protected] |
| WWW: | http://www.omv.com |
| sector: | Oil & Gas - Downstream activities |
| ISIN: | AT0000743059 |
| indexes: | ATX Prime, ATX |
| stockmarkets: official market: Wien | |
| language: | English |
Aussendung übermittelt durch euro adhoc The European Investor Relations Service