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Tag: OMV filling station

  • OMV to sell its business in Slovenia, where it operates 120 gas stations

    OMV to sell its business in Slovenia, where it operates 120 gas stations

    OMV announced on Thursday the sale of the business in Slovenia, where it operates 120 gas stations, under the OMV, Eurotruck, Avanti and Diskont brands.

    With its limited integration within the Downstream oil value chain, the divestment of this business represents a further step in OMV’s portfolio optimization.

    This transaction is a new step in optimizing OMV’s portfolio and is part of the second package of assets put up for sale.

    Also, OMV’s subsidiary Borealis has decided to start a process of divesting its nitrogen business unit including fertilizer, technical nitrogen and melamine products.

    The company’s share in fertilizer production sites in The Netherlands and Belgium (“Rosier”) is not presently being considered within the potential sales process. 

  • OMV sold its filling station business in Germany to EG Group

    OMV sold its filling station business in Germany to EG Group

    EG Group will acquire OMV filling station business in Germany. The transaction is subject to required regulatory approvals and closing is expected in 2021. 

    The purchase price amounts to EUR 485 mn. As part of the agreement, EG Group will assume lease liabilities resulting in a total enterprise value for the business of approximately EUR 614 mn.

    The purchase price is subject to customary net working capital and net debt adjustments. 

    The agreement encompasses 285 filling stations in southern Germany with focus on Bavaria and Baden-Württemberg, which have only a very limited degree of integration with OMV’s refinery in Germany, as the refinery is specialized in petrochemicals production.