06 December 2011 12:25 [Source: ICIS news]
LONDON (ICIS)--OMV is looking for buyers for its retail and commercial businesses in ?xml:namespace>
The planned sale of the subsidiaries follows on from September's announcement of a new 10-year strategy, which envisages OMV divesting up to €1bn ($1.3bn) of assets by 2014.
“The OMV strategy is to sharpen up and simplify the company portfolio. This includes gradually shifting the portfolio away from refining and marketing towards exploration and production and gas and power,” OMV said in a statement.
“OMV will continue focusing the retail and commercial business on markets with integrated supplies.
OMV has been present in the retail and commercial markets of
($1 = €0.75)
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