OMV Aktiengesellschaft
OMV AG english
OMV: German network of filling stations almost doubled in one week
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
OMV: German network of filling stations almost doubled in one week
– OMV Deutschland acquires another 40 filling stations
– Additional fuel sales of 120 million liters per annum
– Market share in Bavaria will increase to 4.5%
OMV Group, the Central European oil and gas group, announces that OMV
Deutschland GmbH, its wholly owned subsidiary, has acquired 40 filling stations
in Bavaria from Martin GmbH & Co. KG in Nuremberg. The addition of these new
filling stations, alongside the 32 acquired from Shell & DEA Oil last week,
almost doubles OMV’s number of filling stations in Germany from 79 to 151. When
taking this acquisition into account OMV’s filling station network totals 1,305
stations, compared with 1,160 at the beginning of 2002. OMV Deputy Chairman
Gerhard Roiss commented: “This 12% increase was achieved through a program of
both opening new stations and acquiring existing stations.”
As of January 2, 2003, OMV will be taking over the filling station network of
Martin GmbH & Co. KG in the metropolitan area of Nuremberg. The filling stations
are operating under the DEA brand name. With this acquisition, OMV extends its
previous distribution territory from Southeast Bavaria to Northern Bavaria and
will increase the sales volume of OMV Deutschland by approximately 120 million
liters per annum. Along with last week’s acquisition, this deal will double OMV
Deutschland’s total annual sales volume to approximately 480 million liters.
This corresponds to an increase in market share in Bavaria from 2% to 4.5%. OMVs
declared goal is to reach the 10% mark by 2008.
The acquisition has already been approved by the German Monopolies and Mergers
Commission. Information about the purchasing price will not be released as the
parties have agreed confidentiality.
end of ad-hoc-announcement (c)DGAP 16.09.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Notes to editors:
OMV has maintained a presence in Bavaria since 1987. In addition to its refinery
in Burghausen, dedicated primarily to the production of middle distillate and
petrochemical raw materials, OMV has also been active in the commercial and
retail businesses. In 2001, OMV Deutschland GmbH generated sales of
approximately EUR 1.4 billion. The company covers more than 50% of the aircraft
turbine fuel requirement of Franz Josef Strauss Airport in Munich. From its
marketing office in Landshut in Lower Bavaria, support is provided to 79 OMV
filling stations in Southeast Bavaria, almost 90 OMV brand partners and
approximately 4,000 users of lubricants, chemical-technological products, fuels
and EXTRA light heating oil. In 2001, the company employed a staff of 528.
For further information, please contact:
OMV
Press: Bernhard Hudik Tel. 0043 1 40440 21660;
e-mail: bernhard.hudik@omv.com
Investors/Analysts: Brigitte H. Juen Tel. 0043140440 21622;e-mail:
investor.relations@omv.com
Internet home page:http://www.omv.com
Weber Shandwick Square Mile
Claudine Cartwright, London Tel: +44 20 7950 2862; E-Mail:
ccartwright@webershandwick.com
Golin Harris Ludgate
Allan Jordan, New York Tel: +1 (212) 697 9191; E-Mail: ajordan@golinharris.com
——————————————————————————–
WKN: 874641; ISIN: AT0000743059; Index: ATX
Listed: Amtlicher Handel in Wien; Amtlicher Markt in Frankfurt und Hamburg;
Freiverkehr in Berlin, Hamburg und Stuttgart
161100 Sep 02
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found