OMV announced recently it is putting its Turkish subsidiary Petrol Ofisi up for sale as part of a strategy to dispose of non-core assets. Petrol Ofisi’s 1800 retail station network no longer fitted in with the company’s long-term plans, a spokesperson explained. OMV has also been adversely affected by the slump in oil prices and was forced to write down around €2.2bn in 2015.
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