Middle East Economic Survey

VOL. LIII

No 43  

25-Oct-2010

TURKEY

OMV In Talks With Dogan Holding For Petrol Ofisi Shares

Austria’s OMV on 20 October announced that it is engaged in “detailed negotiations” with Turkey’s Dogan Holding regarding the potential acquisition of Dogan’s stake in Petrol Ofisi, Turkey’s largest retail products company. OMV first acquired a 34% stake in Petrol Ofisi in 2006 and later increased its shareholding to...