OMV Aktiengesellschaft

EANS-Adhoc: OMV Aktiengesellschaft
OMV initiates process to sell OMV Petrol Ofisi


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Strategic management decisions/OMV / Oil / Gas / Austria / OMV Petrol Ofisi /
Turkey
12.02.2016


- 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: investor.relations@omv.com

Media Relations:
Robert Lechner 
Tel. +43 1 40 440-21472
e-mail: media.relations@omv.com
 
Internet Homepage: http://www.omv.com

end of announcement                               euro adhoc 
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issuer:      OMV Aktiengesellschaft
             Trabrennstraße  6-8
             A-1020 Wien
phone:       +43 1 40440/21600
FAX:         +43 1 40440/621600
mail:     investor.relations@omv.com
WWW:      http://www.omv.com
sector:      Oil & Gas - Downstream activities
ISIN:        AT0000743059
indexes:     ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English
 

 

 

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