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OMV raises stake in Petrol Ofisi

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)