OMV to sell Bosnia-Herzegovina retail unit

OMV AG, as part of a strategic streamlining of its downstream business enabling it to concentrate on exploration and production, has signed an agreement to sell its marketing subsidiary in Bosnia-Herzegovina to NIS, Novi Sad, Serbia (OGJ Online, Jan. 13, 2012).

NIS will acquire OMV BH, a wholly owned subsidiary of OMV Refining & Marketing based in Sarajevo. The subsidiary operates 28 service stations representing about 8% of the Bosnia-Herzegovina retail market.

OMV didn’t report terms of the sale.