The company is involved in the distribution and storage operations; sale of refinery by-products; production and blending of various types of greases, lubricants, and their by-products. DarbÄ«ba Latvijā An OMV spokesperson confirmed that the process for Petrol Ofisi's sale is under way, but did not provide further details. In 2015 OMV increased its interest in Petrol Ofisi to 100%,. Vitol’s President & CEO, Ian Taylor said: “This is a strong business in a growing market. OMV is said to have agreed on Monday to the sale of the Aliaga fuel storage terminal to a group led by Socar.. Opet, Socar, BP, Trafigura, and Vitol are all noted to have declined comment to the latest reports, … Petrol Ofisi is Turkey's third-largest company by revenue, according to information on its website. Vitol also has petroleum refining operations in Belgium and the UAE and it operates a terminal and storage JV with Malaysian shipping firm MISC. Thereof EUR 81 mn relate to net cash proceeds from a prior carve-out of OMV’s Turkish gas entities. Vitol announced that VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd, has agreed to acquire OMV Petrol Ofisi Holding A.S (“Petrol Ofisi”) from OMV AG, the international integrated oil and gas company based in Vienna, subject to certain conditions precedent and relevant regulatory approvals.The … This month, Vitol secured more than 23 percent of Turkey’s retail market after it agreed to buy Petrol Ofisi from Austrian oil firm OMV for $1.45 billion. The decision to sell Petrol Ofisi, which is 100 percent owned by OMV, to the Vitol Group for 1.368 billion euros was announced on Saturday. Last update: March 6, 2017 OMV has agreed to sell Petrol Ofisi, Turkey´s largest gas station network, to VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd, in a transaction worth €1.368 … Austria’s OMV sells Turkish oil retailer Petrol Ofisi to Vitol for $1.45 bln VIENNA Austrian oil and gas group OMV has announced the sale of its Turkish subsidiary Petrol Ofisi to Swiss oil trading giant Vitol for 1.368 billion euros ($1.45 billion). Vitol has a history of investing to grow businesses and this is a tremendous opportunity to refocus Petrol Ofisi for the future.” Petrol Ofisi is the market leader in fuel products and distribution in Turkey with a market share of circa 23%. Its market leading brand has benefitted from OMV’s focus on high standards of HSSE. We are committed to maintaining this excellent track record and greatly look forward to working with the Petrol Ofisi team to capitalise on Turkey’s strong … 20/04/2017 - Vitol and Gazprom Marketing & Trading Singapore Pte Ltd sign multi-year supply agreement 06/03/2017 - Vitol to acquire Turkey’s Petrol Ofisi from OMV 22/02/2017 - ADNOC signs with Vitol 10-year deal for … Mr. Ahmed is also Head-Acquisitions & Investments at Vitol Group and on the board of 6 other companies. OMV sells Turkish fuel retailer Petrol Ofisi for $1.4 billion to Vitol after a bidding process that included many interested buyers. In 2016 Vitol agreed to sell crude oil assets in the Permian basin to Sunoco Logistics Partners for $760 million. Mahmut ÇÄ°L Head of Asset Operations - Member of Retail Leadership Team - Petrol Ofisi - (Vitol) Ä°stanbul, Türkiye 500+ bağlantı Vitol also owns Petrol Ofisi. The transaction was first announced on 3 March 2017. “As long-term investors we see strong potential in the Turkish market. Related Articles. is a Turkish fuel products distribution and lubricants company. AutoScout24.nl tests online car … Vitol announced that VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd, has completed its acquisition of OMV Petrol Ofisi Holding A.S. from OMV AG. Vitol has announced VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd has completed its acquisition of OMV Petrol Ofisi Holding A.S (Petrol Ofisi) from OMV AG, after the transaction was first announced on … The overall transaction value amounts to EUR 1.368 bn. Petrol Ofisi is a leader in fuel products and distribution in Turkey. Presently, Javed Ahmed is Chairman for OMV Petrol Ofisi AS and Member-Management Board at VTTI BV. Vitol confirmed that the total purchase price of the transaction amounts to €1,368 million. The transaction was first announced on 3 March 2017. “As long-term investors we see strong potential in the Turkish market. Vitol completed its acquisition of Petrol Ofisi from OMV AG in June 2017. is a fuel products distribution and lubricants company in Turkey.It is owned by Dutch Vitol Group. In Turkey, the Vava venture is operating out of Vitol's Petrol Ofisi fuel station network, which boasts more than 1,800 locations across the country. In Turkey, the Vava venture is operating out of Vitol’s Petrol Ofisi fuel station network, which boasts more than 1,800 locations across the country. Petrol Ofisi A.Ş. Petrol Ofisi has 1700+ fuel stations in 2020 in Turkey. Petrol Ofisi is a Turkish oil company that engages in the supply and marketing of fuel products. Vitol, Trafigura among bidders for Turkey's biggest fuel retailer. OMV AG has received initial bids from Vitol SA and Trafigura Group for the acquisition of its Turkish fuel retailing unit OMV Petrol Ofisi AS, reports Bloomberg. OMV has agreed to sell 100% of the shares in its wholly owned subsidiary OMV Petrol Ofisi to VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd. Vitol plans to retain the Petrol Ofisi brand, which it says is the oldest petrol station name in the country, and the most trusted. GLOBAL: Petrol Ofisi to be sold to Vitol subsidiary for €1.3 billion Details Written by Lesley Bankes-Hughes Published: 05 March 2017 After a year searching for a buyer, Austria’s OMV sells the Turkish fuel distribution and storage company to VIP Turkey Enerji AS. Vitol announced that VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd, has completed its acquisition of OMV Petrol Ofisi Holding A.S. from OMV AG. In 2016, Petrol Ofisi was market leader with a 23 percent share, selling 10.68 million tonnes of fuel, OMV and Vitol said in statements. Two years later, in 2017, OMV sold Petrol Ofisi to Vitol Group . Petrol Ofisi is the market leader in fuel products and distribution in Turkey with a market share of circa 23 per cent. - The overall transaction value amounts to €1.368 billion and the transaction is subject to regulatory approvals, OMV announces - Anadolu Agency ÖBIB, formerly ÖIAG (31.5%) IPIC (24.9%) Employee share programs (0.4%) Treasury Shares (0.3%) Free float (42.9%) Shareholdings It is owned by VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd. 2017. gada 3. martā tika paziņots, ka Vitol Investment Partnership meitas uzņēmums VIP Turkey Enerji AS no OMV par 1,368 miljardiem eiro pirks Turcijas naftas izstrādājumu izplatÄ«tāju Petrol Ofisi; darÄ«jums pabeigts 13. jÅ«nijā. (VITOL GROUP) Mar 2007 - Halen 13 yıl 10 ay. Representatives for Opet, Socar, BP, Trafigura and Vitol declined to comment. Finance information Shareholder structure 2016. 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