OMV Closes Acquisition of 54.14% in Petrol Ofisi

Business › n.a. ♦ Published: December 22, 2010; 18:07 ♦ (Vindobona)

OMV, an Austrian energy group, completed the acquisition of a 54.14% stake in Petrol Ofisi A.S.

OMV Closes Acquisition of 54.14% in Petrol Ofisi / Picture: © Wikimedia Commons / Mgr.Ing. Jozef Kotulič [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

Petrol Ofisi is one of the leading companies in the Turkish oil products retail and commercial markets. The acquisition is following the approval of the transaction by the relevant authorities including anti-trust clearance. With this transaction OMV increases its stake in Petrol Ofisi from 41.58% to 95.72%, thereby fully consolidating the company within the OMV Group. The purchase…

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M & A, OMV, Petrol Ofisi, Petrol Fuel, Energy Industry, Turkey
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