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OMV sold gas stations in Germany

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The 285 OMV gas stations are concentrated in the Bavarian and Baden-Wurttemberg regions with a limited degree of integration with the OMV refinery in Burghausen, Germany, which specializes in petrochemicals. In accordance with the terms of the transaction, EG Group will also take over the debts of OMV gas stations, which brings the total value of the taken over business to 614 million euros.

“The sale of OMV gas stations in Germany will reduce debt by about half a billion euros for OMV. This means the successful completion of an important step in OMV’s asset sale program,” the Austrian group said in a statement. of press.

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OMV, the largest listed industrial company in Austria, holds 51.01% of the shares of OMV Petrom, the Romanian state, through the Ministry of Energy, holds 20.64%, Fondul Proprietatea – 18.99%, and 9.36% are freely traded at the Bucharest Stock Exchange.

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