EANS-Adhoc: OMV Aktiengesellschaft
OMV initiates process to sell OMV Petrol
Ofisi
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- Strategic management decisions/OMV / Oil / Gas / Austria / OMV Petrol Ofisi / Turkey 12.02.2016 - Further important step in OMV's strategy of focusing on upstream and integrated downstream business activities OMV announces to initiate a process to sell up to 100% of its wholly owned subsidiary OMV Petrol Ofisi A. S., a leading company in the Turkish oil products retail and wholesale market. OMV is currently selecting its advisors to support the potential transaction and the structuring of the envisaged process. A potential transaction is aimed at optimizing OMV's integrated portfolio in a challenging market environment. OMV Petrol Ofisi is a leading player in the Turkish fuel distribution industry. With 1,785 fuel stations the company operates the largest retail station network in Turkey and it is a leading fuels supplier to commercial and industrial customers. Total sales volume in 2015 amounted to ca. 10 million tons. In addition, OMV Petrol Ofisi owns the largest fuel storage and logistics business in Turkey with a total storage capacity in excess of 1 million cubic meters. The company is also the largest distributor of lubricants in Turkey. Further inquiry note: OMV Investor Relations: Felix Rüsch Tel. +43 1 40 440-21600 e-mail: investor.relations@omv.com Media Relations: Robert Lechner Tel. +43 1 40 440-21472 e-mail: media.relations@omv.com Internet Homepage: http://www.omv.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: OMV Aktiengesellschaft Trabrennstraße 6-8 A-1020 Wien phone: +43 1 40440/21600 FAX: +43 1 40440/621600 mail: investor.relations@omv.com WWW: http://www.omv.com sector: Oil & Gas - Downstream activities ISIN: AT0000743059 indexes: ATX Prime, ATX stockmarkets: official market: Wien language: English
Original content of: OMV Aktiengesellschaft, transmitted by news aktuell