Austria's OMV Aims to Sell Turkish Unit Petrol Ofisi

Reuters

VIENNA, Feb 12 (Reuters) – OMV is seeking a buyer for Turkish unit Petrol Ofisi, in line with its strategy of focusing on upstream and integrated downstream businesses, the Austrian energy company said on Friday.

Chief Executive Rainer Seele said in January that the situation in Turkey was not sustainable and that profitability had suffered due to state intervention.

Petrol Ofisi is the Turkish market leader in fuel distribution.

(Reporting by Kirsti Knolle; editing by Jason Neely)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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