OMV prepares to sell Turkish subsidiary

OMV AG is selecting advisors to assist with the sale of part or all of OMV Petrol Ofisi AS, a wholly owned wholesale and retail oil-products distributor in Turkey.

The subsidiary, with 1,785 fuel stations, has the largest retail network in the country, along with extensive storage and logistics assets. It sold about 10 million tonnes of oil products last year.

OMV is focusing on upstream and integrated downstream businesses.

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