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Gazprom Neft also interested in OMV’s Croatian and Bosnian assets

Posted / Last update: 10-02-2012

OAO Gazprom Neft, the oil arm of the world’s biggest natural-gas producer, is interested in buying OMV AG’s filling stations in Bosnia-Herzegovina and Croatia. “We will pursue projects if they create added value,”Deputy Chief Executive Officer Vadim Yakovlev said in St. Petersburg. Gazprom Neft has the “financial capacity” for acquisitions, he said

OMV, a Vienna-based oil company, informed Dec. 6 that it plans to sell its Balkan subsidiaries as it seeks to dispose of 1 billion euros ($1.3 billion) of less profitable assets. The Croatian unit has 63 filling stations and a market share of about 13 percent, while in Bosnia, OMV has 28 filling stations and an 8 percent share, it said in December.

The sale has also attracted interest from OAO Zarubezhneft, a Russian oil-pipeline operator, which said last month that it had submitted an offer for the filling stations in Bosnia-Herzegovina and Croatia.

Gazprom Neft is not interested in buying Petroplus Holding AG (PPHN)’s plants in Europe, Yakovlev also said. Zug, Switzerland-based Petroplus filed for insolvency last week.

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