Bloomberg is reporting that Vitol SA and Trafigura Group Pte are among initial bidders for OMV AG’s Turkish fuel retailer OMV Petrol Ofisi AS.
Citing “people with knowledge of the matter” Bloomberg also stated that Opet Petrolculuk AS, the State Oil Co. of the Azerbaijan Republic and private equity firms are also among the companies that made offers. BP Plc and Saudi Arabian Oil Co (Aramco), are also weighing bids, the report added.
A sale could value the business at about US$1.2 billion.
OMV bought Petrol Ofisi for more than $2.5 billion from Dogan Sirketler Grubu Holding AS, a Turkish group with wide-ranging interests in media, energy and real estate, in several stages between 2006 and 2010. The company operates 1,785 petrol stations in Turkey and owns the country’s largest fuel storage and logistics business.

13th October 2016