OMV might buy Aral's 69 Czech gas stations
Wednesday, October 5, 2005, 12:20
OMV AG, central Europe's biggest oil company, will probably win the bidding for 69 gas stations in the Czech Republic being sold by BP Plc unit Aral AG, Czech daily Mlada Fronta Dnes reported. A sale contract will be signed in coming days. The purchase would make OMV the Czech Republic's second-biggest seller of fuels, since the Vienna-based company already has 145 stations in the country and Benzina AS has about 300. Aral controls about 10% of the Czech fuel-distribution market, the daily said. The value of the Aral stations, most of which are at heavy-traffic locations, is estimated at around $121 mln. Royal Dutch Shell Plc, Eni SpA unit Agip, Unipetrol AS and a partnership of Hungary's Mol Rt. and its Slovak unit Slovnaft AS are also competing for the stations.