VOL. XXXIX

No. 41

8-July-1996

KUWAIT

KPC Sells Assets In Hungary To Austria's OMV

The Kuwait Petroleum Corporation (KPC) has sold its assets in Hungary for an undisclosed amount to Austria's OMV Group, according to a Kuwait News Agency report on 4 July, which also stated that the assets include 31 gasoline retail stations operated by the London-based "Q8" brand network of the KPC subsidiary Kuwait Petroleum International (KPI). The OMV Group is owned 49.9% by the Vienna- based...