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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

 

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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

Digital press kit: http://www.ots.at/pressemappe/145/aom

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