OMV Sells Croatian and Bosnian Subsidiaries

EnergyOil & Gas ♦ Published: December 6, 2011; 16:03 ♦ (Vindobona)

In line with the strategy of the Austrian oil and gas company, the sale of the retail and commercial business in Croatia (OMV Hrvatska d.o.o) and Bosnia-Herzegovina (OMV BH d.o.o) is under consideration.

OMV Sells Croatian and Bosnian Subsidiaries / Picture: © Wikimedia Commons / Mgr.Ing. Jozef Kotulič [CC BY-SA 3.0 (]

The OMV strategy is to sharpen up and simplify the company portfolio. This includes gradually shifting the portfolio away from Refining and Marketing towards Exploration and Production and Gas and Power. In this context, OMV’s Turkish subsidiary, OMV Petrol Ofisi, already sold its 52% stake in the Cypriot retail company Kibris Türk Petrolleri Limited Sirketi end of November…