EANS-Adhoc: OMV Aktiengesellschaft
OMV and Dogan Holding are in detailed
negotiations regarding an acquisition of Dogan Holding´s stake in Petrol Ofisi
by OMV
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
OMV / Oil / Gas / Austria
20.10.2010
Update to an already disclosed ad hoc announcement
OMV, the leading energy company in the European growth belt, herewith announces that it is in detailed negotiations with Turkish company Dogan Holding regarding a potential acquisition of Dogan Holding´s stake in Petrol Ofisi by OMV. Petrol Ofisi is Turkey's leading refined oil products marketing company, active both in retail and commercial business.
Prior negotiations between OMV and Dogan Holding which had been terminated in November 2009 (see EANS ad hoc announcement as of 18 November 2009) serve as basis for the negotiations.
OMV entered the Turkish market in 2006 by acquiring 34% of Petrol Ofisi, and increased its stake to 41.58% in the following years. Dogan Holding, which owns 54.17% of Petrol Ofisi, is the other major shareholder of the company.
To strengthen its presence in Turkey would be consistent with OMV's strategy to enhance its position in markets with substantial mid- and long-term growth rates in Central and Southeastern Europe.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
OMV
Investor Relations:
Angelika Altendorfer-Zwerenz
Tel. +43 1 40 440-21600
e-mail: investor.relations@omv.com
Press:
Michaela Huber
Tel. +43 1 40 440-21661
e-mail: michaela.huber@omv.com
Internet Homepage: http://www.omv.com
Branche: Oil & Gas - Downstream activities
ISIN: AT0000743059
WKN: 874341
Index: ATX Prime, ATX
Börsen: Wien / official market
Original content of: OMV Aktiengesellschaft, transmitted by news aktuell