Middle East Economic Survey

VOL. LIII

No 43

25-Oct-2010

TURKEY

OMV In Talks With Dogan Holding For Petrol Ofisi Shares

Austrias OMV on 20 October announced that it is engaged in detailed negotiations with Turkeys Dogan Holding regarding the potential acquisition of Dogans stake in Petrol Ofisi, Turkeys largest retail products company. OMV first acquired a 34% stake in Petrol Ofisi in 2006 and later increased its shareholding to 41.58%. Dogan Holdings owns 54.17% of the retailer. OMV said...