Competition Council authorized the transaction through which OMV Petrom Marketing takes over the fuel distribution network owned by Art Petrol SRL in Romania. Following this transaction, OMV Petrom will expand its network with 4 units, reaching 558 stations in Romania. The parties have agreed not to disclose the transaction value, OMV Petrom announced.

Through this acquisition, OMV Petrom expands its presence in areas with high commercial potential. „OMV Petrom’s strategy regarding the distribution network aims to optimize the territorial presence and expanding presence in areas with growth potential, such as new residential areas that are developing rapidly, the new ring roads and highways,” said Daniel Ion, OMV Petrom retail manager.

Through this transaction, OMV Petrom took over the entire Art Petrol network, which included eight fuel distribution stations.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.