- OMV ISTRABENZ changes name to OMV ADRIATIK
- Change of company register into a limited company
- Koper remains headquarters
Following the takeover of OMV ISTRABENZ Holding d.d. by OMV R&M GmbH, a change in the name and legal organisation of the holding company OMV ISTRABENZ Holding d.d. was adopted by the relevant authorities in Slovenia. The new name of the company is OMV ADRIATIK, holdin?ka dru?ba, d.o.o. The company is represented by Wolfgang Kraus as Director and by Karl Strummer as Procurist. Koper, Slovenia remains the corporate headquarters.
The renaming into OMV ADRIATIK is in line with the OMV Group's strategy of linking the names of its subsidiaries to their countries of origin. OMV ISTRABENZ Holding was the first company to have its name changed.This will be followed by the renaming of OMV's other subsidiaries.
Along with the change of company name, there was also a change in the legal-organisational of the company: OMV ADRIATIK, holdin?ka dru?ba is from now on a limited liability company (Ltd).
The OMV Adriatik Group sells some 900,000 metric tons of oil products per annum with a workforce of 298 employees. By May 2004 it operated 228 filling stations - 83 in Italy, 105 in Slovenia, 30 in Croatia and 10 in Bosnia and Herzegovina. Consolidated sales of the Group amount to approximately EUR 380 million per year. OMV ISTRABENZ supplies a market with 17 million inhabitants, whose estimated annual consumption of oil products is around 15 million metric tons.
-Ends-
Notes to editors:
OMV Aktiengesellschaft
with Group sales of EUR 7.64 billion and 6,137 employees in 2003, and a current market capitalization of EUR 5 billion, is Austria's largest listed industrial company. As the leading oil and gas group in Central Europe, OMV is active in 12 CE countries in Refining and Marketing (R&M). OMV has set a goal of doubling its 2001 market position from 9% in 2001 to 20% by 2008. In Exploration and Production (E&P) OMV is active in 16 countries on five continents and plans to double its oil and gas production to 160,000 boe/d by 2008. In the Gas segment, OMV has storage facilities as well as a 2000 km pipeline system and transports 41 bcm annually to countries like Germany or Italy. The OMV Group also operates integrated chemical and petrochemical plants and holds a 25% stake in Borealis A/S, one of the world's leading polyolefins producers. Other important holdings are: 50% of EconGas GmbH, 45% of the BAYERNOIL-Raffinerieverbund, 10% in the Hungarian petroleum company MOL, and a 25.1% stake in The Rompetrol Group, the largest private oil company in Romania.
OMV ADRIATIK holdinska druzba, d.d.
OMV ADRIATIK Holding Plc. is headquartered in Koper, Slovenia, and owns 100% of OMV ISTRABENZ d.o.o., Zagreb, OMV ISTRABENZ BiH d.o.o. and OMV Italia S.r.l. It has a 90% stake in the Slovenian company OMV ISTRABENZ trgovina z naftimi derivati d.o.o., the remaining 10% of which is owned by INA. The OMV ADRIATIK Group annually sells approx. 900,000 metric tons of oil products, has a workforce of 298 employees and operates 228 filling stations - 105 in Slovenia, 83 in Italy, 30 in Croatia and 10 in Bosnia and Herzegovina.
For further information please contact:
OMV
Press:
Bettina Gneisz
Tel.: +43 1 40 440 21660
E-mail: bettina.gneisz@omv.com
Thomas Huemer
Tel.: +43 1 40 440 21660
E-mail: thomas.huemer@omv.com
Investors/Analysts:
Ana-Barbara Kuni
Tel.: +43 1 40 440 21600
E-mail: investor.relations@omv.com
Internet:
http://www.omv.com
Cubitt Consulting
Simon Barker
Tel. +44 (207) 367-5119
E-mail: simon.barker@cubitt.com
Stuart Lennon
Tel. +44 (207) 367-5113
E-mail: stuart.lennon@cubitt.com
© Press Release 2004
