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announcement.
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OMV / Oil / Gas / Austria / Petrom
15.11.2011
OMV Petrom SA ("OMV Petrom"), the 51.01% subsidiary of OMV Aktiengesellschaft,
received a statement of objections from the Romanian Competition Council
concerning an alleged breach of antitrust regulations with respect to the
withdrawal of the retail product Eco Premium (unleaded gasoline pre-mixed with
lead substitute) from the Romanian fuels market. The alleged breach concerns a
number of the key players on the Romanian fuels market.
The findings of the Competition Council, including possible financial sanctions,
will be stated in the final decision which will be issued after the receipt of
OMV Petrom´s response to the statement of objections and after a hearing at the
Competition Council. In accordance with applicable antitrust regulations the
maximum fine may be up to 10% of the turnover.
OMV Petrom is of the opinion that the allegations are unjustified and will take
all necessary measures to ensure that its position is fairly represented and
reflected in the decision of the Competition Council.
During the time period of the alleged breach, Eco Premium had a market share of
approximately 2% on the Romanian fuels market. The decision to withdraw Eco
Premium from the market was based on environmental and economic reasons, duly
considering consumers´ interests.
Further inquiry note:
OMV
Investor Relations:
Tel. +43 1 40 440-21600
e-mail: investor.relations@omv.com
Media Relations:
Michaela Huber
Tel. +43 1 40 440-21661
e-mail: media.relations@omv.com
Internet Homepage: http://www.omv.com
end of announcement euro adhoc
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issuer: OMV Aktiengesellschaft
Trabrennstraße 6-8
A-1020 Wien
phone: +43 1 40440/21600
FAX: +43 1 40440/621600
mail: investor.relations@omv.com
WWW: http://www.omv.com
sector: Oil & Gas - Downstream activities
ISIN: AT0000743059
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English