Article Tools

OMV Aktiengesellschaft / OMV initiates process to sell OMV PetrolOfisi

Published: February 12, 2016; 11:04 · (Vindobona)

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 Aktiengesellschaft / OMV initiates process to sell OMV PetrolOfisi / Picture: © Vindobona

 

--------------------------------------------------------------------------
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 /…

This article includes a total of 395 words.

or Log In

Fast News Search
Read More
ISIN
AT0000743059