OMV sold to Vitol
It is being reported in Turkey that the sale of the OMV company’s network of filling stations in the country, along with its subsidiary Petrol Ofisi to Vitol of the Netherlands’ has now been completed. This is a large scale transaction with a fee reported to be in the region of 1.37 billion Euros. The Turkish company which takes control of the filling stations is VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd. The official closing of the deal will follow official permits a little later this year.
(Image: Reuters) | 15/06/2017 | Tim Harrup