OMV increases share in Petrol Ofisi from 41.58% to 95.75%

OMV Aktiengesellschaft, the leading energy Group listed on the Vienna Stock Exchange, agreed with the Turkish company Doğan Holding to increase OMV’s stake in Petrol Ofisi A.S., a leading Turkish oil products retailer from 41.58% to 95.75%, thereby taking full control of Petrol Ofisi, for a purchase price of EUR 1 billion.

Matthias Wolf of Lenz & Staehelin advised OMV as Swiss counsel.

Published: 5 November 2010