"OMV to fully control Turkish Petrol Ofisi
23.10.2010 13:39
OMV to fully control Turkish Petrol Ofisi
OMV, the leading energy Group in the European growth belt, today agreed with the Turkish company Doğan Holding to increase OMV's stake in Petrol Ofisi A.S., one of the leading companies in the Turkish oil products retail and commercial markets, from 41.58 percent to 95.75 percent, thereby taking full control of this company. This acquisition is a further step in OMV's growth strategy and aims at positioning Turkey as a third hub, besides Austria and Romania, within the integrated energy Group. In addition to the activities of Petrol Ofisi, the gas-fired power plant in Samsun (under construction) and the Nabucco gas pipeline project, Turkey represents a strategic bridgehead to the resource-rich Caspian Region and the Middle East."
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