Tag Archives | OMV

OMV could become regional chemical leader through Turkey Petrol purchase

Austria’s OMV has been trying to transform itself into a regional oil refining hub for some time through the acquisition of Romania’s Petrom and, on 22 October, by boosting its stake in Turkey’s Petrol Ofisi from 42% to 95% though an E1bn deal. This deal gives it opportunities for further growth in chemicals. ICIS news […]

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Meddling Hungary government seeks to cut MOL’s ties to Russia

I’ve been writing about Hungary’s chemical sector for around a decade, observing with fascination the efforts of Russian energy and chemical companies to gain a foothold there. BorsodChem, MOL and its petrochemical subsidiary TVK have all been the targets of more or less surreptitious efforts, often by Russian companies operating through subsidiaries or holding companies […]

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INEOS – MOL share swap offer ends in failure

Hungary’s oil and chemical major, MOL, has been the subject of takeover rumours and bids for many years. Not so long ago there were whispers that the Russians were intent on building a stake in MOL as they sought a foothold further West. A merger with Poland’s PKN Orlen has been on the cards for at least a […]

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