Petrol Ofisi, which currently has the largest station network in Turkey, is preparing to incorporate BP’s distribution network. The acquisition will take place following the approval of the Competition Authority.
Petrol Ofisi, one of the most important names in the fuel market in Turkey, is one of the companies of the fuel giant BP in the Turkish market. BP Petrolleri Inc. And BP Turkey Refining LimitedHe announced that he would purchase .
While the transaction price is not specified in the agreement between the two parties, the agreement will become valid after the approval of the Competition Authority, the regulatory body. Purchasing process 2024 It is expected to be completed in .
BP withdraws from Turkey; Petrol Ofisi’s market share is increasing
Petrol Ofisi is currently 1935 to the station Thus, it is the fuel company with the most stations in Turkey. BP, which started its activities in Anatolia in 1912, continued its activities throughout the history of the Republic of Turkey. After 111 years will have ended. The company has 770 stations. BP is also one of the stakeholders in the Baku-Tbilisi-Ceyhan pipeline.
Petrol Ofisi, which was established in 1941 by the decision of the Council of Ministers, was privatized in 2000 and sold to İş Bankası – Doğan Holding partnership. Petrol Ofisi, which was completely owned by Doğan Holding in 2005, was transferred to Austrian OMV with gradual sales until 2010. Later, OMV acquired its shares from Switzerland-based Vitol GroupHe sold it to and left Turkey.
Vitol Board Member making a statement about the acquisition Chris Bake, “We are extremely happy to take this step that will enable Petrol Ofisi Group, the national pride of the Turkish energy sector, to become even stronger. Its young and dynamic population and with growth potential We have full confidence in Turkey’s future.” said, Petrol Ofisi Group CEO Mehmet Abbasoglu in ““We are looking forward to this exciting meeting, which will further strengthen our power in the market, and to our new teammates joining us.” he said. When the agreement is completed, the number of Petrol Ofisi stations will increase to 2705. Thus, stations operating in Turkey 21.64% It will belong to Petrol Ofisi.
Source :
https://www.aa.com.tr/tr/ekonomi/petrol-ofisi-bp-turkiyenin-akaryakit-operasyonlarini-satin-aiyor/3055315#:~:text=%C4%B0stanbul,%20tamamlanmas% in 2024 C4%B1n%C4%B1n%20waited%C4%9Fi%20saved