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OMV to Sell Petrol Stations to Slovak Slovnaft

Published: November 22, 2011; 16:26 · (Vindobona)

The Austrian oil and gas group OMV has already announced its downsizing strategy in the petrol station business. Slovnaft, a Slovak subsidiary of the Hungarian MOL, shows interest.

OMV to Sell Petrol Stations to Slovak Slovnaft / Picture: © Petrol

The OMV plans to sell 220 petrol station in the Czech Republic. The reason: OMV needs € 1.0bn until 2014 in order to strengthen the gas business. The new company strategy promotes the expansion of this company segment. However, OMV did not arrive to a final decision yet.

“We have to verify if the revenues in a series of countries justifies our presence there.”, OMV´s CEO…

This article includes a total of 282 words.

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