OMV Sells Its Marketing Subsidiary in Bosnia-Herzegovina

EnergyOil & Gas ♦ Published: November 30, 2012; 15:18 ♦ (Vindobona)

With this move, OMV Refining & Marketing has completed the next step in implementing the defined divestment program that contributes to reduce the weighting of the Refining and Marketing division in the overall OMV portfolio.

OMV Sells Its Marketing Subsidiary in Bosnia-Herzegovina / Picture: © Wikimedia Commons / Priwo [Public Domain]

OMV BH d.o.o is being sold to the Serbian company NIS, a vertically integrated oil company based in South East Europe. NIS will take over all 22 employees, a fuel terminal and 28 filling stations as well as the local head office of OMV BH d.o.o in Sarajevo

OMV has signed an agreement to sell its subsidiary in Bosnia-Herzegovina, OMV BH d.o.o, a 100%-owned subsidiary of OMV…