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...
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