Vitol to buy OMV Turkish distribution unit | Oil & Gas Journal

A subsidiary of Vitol Investment Partnership Ltd. has agreed to buy OMV AG’s 100%-owned fuel-distribution subsidiary in Turkey for €1.368 billion.

Market-leading OMV Petrol Ofisi Holding AS has more than 1,700 service stations and a fuel storage and logistics business with total capacity exceeding 1 million cu m. It is a major distributor of lubricants and jet fuel.

The buyer is VIP Turkey Enerji AS.

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