OMV raises stake in Petrol Ofisi

Food

OMV has reportedly bought an additional 3.6 million shares in Turkish fuel retail firm Petrol Ofisi, bringing its interest in the company to 36.43%.

The prior 35.4% interest in Petrol Ofisi, which OMV jointly controls with Turkey’s Dogan Sikretler Grubu Holding, was increased to 36.43% for a total consideration of €10.76 million ($14.4 million). „This is not a takeover attempt,” OMV spokesman Thomas Huemer revealed, „It just reflects our trust in the company, and if the price is appropriate we buy small amounts of shares.” (petrolplaza)

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