OMV acquisitions to offer range of biofuels for transport sector

OMV has made two acquisitions to strengthen its refinery and supply chain integration and improve the coverage of its existing filling station network in key markets in Europe.
First, it has agreed to acquire AP Newco following approval from its supervisory board.
OMV will acquire a filling station network encompassing nine sites and cooperation contracts for three additional sites, which cater for the commercial road transport (CRT) sector with corresponding high diesel sales.
In addition, OMV is acquiring 21 filling stations in Slovakia from Benzinol, with an option to acquire a further six filling stations. They are mainly located in western and northern central Slovakia.
The new sites in Austria and Slovakia represent an extended infrastructure platform for OMV’s ongoing efforts to decarbonise the transport sector by offering a range of biofuels like hydrotreated vegetable oil (HVO100).
OMV already operates 105 filling stations in Slovakia and the acquisition will confirm its position as the second largest player in the local market. Closing is expected in the second quarter of this year, subject to regulatory approvals. Financial details were not disclosed.
“The transactions announced today strengthen our integrated supply chain around OMV’s key European refineries enabling improved refinery utilization rates.
“The new sites also act as a catalyst for our mobility transformation strategy, which aims at helping our customers reduce emissions through our second-generation biofuels offering and ultra-fast charging e-mobility roll-out,” said Martijn van Koten, OMV executive vice-president fuels & feedstock.