Middle East Economic Survey

VOL. LIV

No 5

31-Jan-2011

TURKEY

OMV Finalizes Acquisition Of Major Petrol Ofisi Stake

Austrias OMV completed its acquisition of a 54.14% shareholding in Turkeys Petrol Ofisi on 22 December 2010, the company reported, adding that the purchase of shares from Dogan Holding had been approved by the relevant authorities including an anti-trust clearance. The transaction boosts OMVs stake in Petrol Ofisi from 41.58% to 95.72% and thereby fully consolidates the company...