Covering the operations of the oil and gas industry
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.