The decision to sell Petrol Ofisi, which is 100 percent owned by OMV, to the Vitol Group for 1.368 billion euros was announced on Saturday. AutoScout24.nl tests online car â¦ In a written statement published on the Vitol Groupâs official website, Taylor said that the company is looking forward to working with the OMV Petrol Ofisi team, which is â¦ Austriaâs OMV sells Turkish oil retailer Petrol Ofisi to Vitol for $1.45 bln VIENNA Austrian oil and gas group OMV has announced the sale of its Turkish subsidiary Petrol Ofisi to Swiss oil trading giant Vitol for 1.368 billion euros ($1.45 billion). The company is involved in the distribution and storage operations; sale of refinery by-products; production and blending of various types of greases, lubricants, and their by-products. ÖBIB, formerly ÖIAG (31.5%) IPIC (24.9%) Employee share programs (0.4%) Treasury Shares (0.3%) Free float (42.9%) Shareholdings Related Articles. Petrol Ofisi is Turkey's third-largest company by revenue, according to information on its website. Vitol announced that VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd, has agreed to acquire OMV Petrol Ofisi Holding A.S (âPetrol Ofisiâ) from OMV AG, the international integrated oil and gas company based in Vienna, subject to certain conditions precedent and relevant regulatory approvals.The â¦ Petrol Ofisi is the market leader in fuel products and distribution in Turkey with a market share of circa 23 per cent. Vitol also has petroleum refining operations in Belgium and the UAE and it operates a terminal and storage JV with Malaysian shipping firm MISC. The transaction was first announced on 3 March 2017. âAs long-term investors we see strong potential in the Turkish market. Vitol plans to retain the Petrol Ofisi brand, which it says is the oldest petrol station name in the country, and the most trusted. Vitol has a history of investing to grow businesses and this is a tremendous opportunity to refocus Petrol Ofisi for the future.â Petrol Ofisi is the market leader in fuel products and distribution in Turkey with a market share of circa 23%. 20/04/2017 - Vitol and Gazprom Marketing & Trading Singapore Pte Ltd sign multi-year supply agreement 06/03/2017 - Vitol to acquire Turkeyâs Petrol Ofisi from OMV 22/02/2017 - ADNOC signs with Vitol 10-year deal for â¦ We are committed to maintaining this excellent track record and greatly look forward to working with the Petrol Ofisi team to capitalise on Turkeyâs strong â¦ The latest collaboration is likely to give Vava.Cars access to massive inventory of cars from corporate clients of the Turkish fuel sectorâs leader. Presently, Javed Ahmed is Chairman for OMV Petrol Ofisi AS and Member-Management Board at VTTI BV. is a fuel products distribution and lubricants company in Turkey.It is owned by Dutch Vitol Group. In 2016, Petrol Ofisi was market leader with a 23 percent share, selling 10.68 million tonnes of fuel, OMV and Vitol said in statements. In 2016 Vitol agreed to sell crude oil assets in the Permian basin to Sunoco Logistics Partners for $760 million. In 2015 OMV increased its interest in Petrol Ofisi to 100%,. DarbÄ«ba LatvijÄ In Turkey, the Vava venture is operating out of Vitolâs Petrol Ofisi fuel station network, which boasts more than 1,800 locations across the country. The overall transaction value amounts to EUR 1.368 bn. In Turkey, the Vava venture is operating out of Vitol's Petrol Ofisi fuel station network, which boasts more than 1,800 locations across the country. Finance information Shareholder structure 2016. Petrol Ofisi has 1700+ fuel stations in 2020 in Turkey. Vitol announced that VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd, has completed its acquisition of OMV Petrol Ofisi Holding A.S. from OMV AG. Vitolâs President & CEO, Ian Taylor said: âThis is a strong business in a growing market. Petrol Ofisi A.Å. It is owned by VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd. This month, Vitol secured more than 23 percent of Turkeyâs retail market after it agreed to buy Petrol Ofisi from Austrian oil firm OMV for $1.45 billion. is a Turkish fuel products distribution and lubricants company. OMV AG has received initial bids from Vitol SA and Trafigura Group for the acquisition of its Turkish fuel retailing unit OMV Petrol Ofisi AS, reports Bloomberg. Two years later, in 2017, OMV sold Petrol Ofisi to Vitol Group . Petrol Ofisi is a Turkish oil company that engages in the supply and marketing of fuel products. In 2017 Vitol agreed to buy OMV Petrol Ofisi (gas stations) for $1.45 billion. Vitol announced that VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd, has completed its acquisition of OMV Petrol Ofisi Holding A.S. from OMV AG. Petrol Ofisi has been the â¦ GLOBAL: Petrol Ofisi to be sold to Vitol subsidiary for â¬1.3 billion Details Written by Lesley Bankes-Hughes Published: 05 March 2017 After a year searching for a buyer, Austriaâs OMV sells the Turkish fuel distribution and storage company to VIP Turkey Enerji AS. (VITOL GROUP) Mar 2007 - Halen 13 yÄ±l 10 ay. Representatives for Opet, Socar, BP, Trafigura and Vitol declined to comment. Petrol Ofisi is a leader in fuel products and distribution in Turkey. Vitol also owns Petrol Ofisi. An OMV spokesperson confirmed that the process for Petrol Ofisi's sale is under way, but did not provide further details. OMV has agreed to sell 100% of the shares in its wholly owned subsidiary OMV Petrol Ofisi to VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd. Thereof EUR 81 mn relate to net cash proceeds from a prior carve-out of OMVâs Turkish gas entities. OMV is said to have agreed on Monday to the sale of the Aliaga fuel storage terminal to a group led by Socar.. Opet, Socar, BP, Trafigura, and Vitol are all noted to have declined comment to the latest reports, â¦ Vitol confirmed that the total purchase price of the transaction amounts to â¬1,368 million. OMV sells Turkish fuel retailer Petrol Ofisi for $1.4 billion to Vitol after a bidding process that included many interested buyers. Mr. Ahmed is also Head-Acquisitions & Investments at Vitol Group and on the board of 6 other companies. - The overall transaction value amounts to â¬1.368 billion and the transaction is subject to regulatory approvals, OMV announces - Anadolu Agency The transaction was first announced on 3 March 2017. âAs long-term investors we see strong potential in the Turkish market. Vitol, Trafigura among bidders for Turkey's biggest fuel retailer. A spokesman for OMV said the process to sell Petrol Ofisi is under way, declining to comment further. Vitol completed its acquisition of Petrol Ofisi from OMV AG in June 2017. Mahmut ÇÄ°L Head of Asset Operations - Member of Retail Leadership Team - Petrol Ofisi - (Vitol) Ä°stanbul, Türkiye 500+ baÄlantÄ± Last update: March 6, 2017 OMV has agreed to sell Petrol Ofisi, Turkey´s largest gas station network, to VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd, in a transaction worth â¬1.368 â¦ OMV Petrol Ofisi A.Å. Its market leading brand has benefitted from OMVâs focus on high standards of HSSE. Vitol has announced VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd has completed its acquisition of OMV Petrol Ofisi Holding A.S (Petrol Ofisi) from OMV AG, after the transaction was first announced on â¦ Petrol Ofisi A.Å. 2017. gada 3. martÄ tika paziÅots, ka Vitol Investment Partnership meitas uzÅÄmums VIP Turkey Enerji AS no OMV par 1,368 miljardiem eiro pirks Turcijas naftas izstrÄdÄjumu izplatÄ«tÄju Petrol Ofisi; darÄ«jums pabeigts 13. jÅ«nijÄ.
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