OMV completes renaming of Aral petrol stations, invests CZK 120 million (EUR 4.21 million)

22. Juni 2006, 00:00

Austrian company OMV has finished the renaming of 70 Aral petrol stations in the Czech Republic that it bought last...

Austrian company OMV has finished the renaming of 70 Aral petrol stations in the Czech Republic that it bought last October, with investment in the change of name reaching roughly CZK 120 million (EUR 4.21 million), the firm told.

OMV now operates 217 stations and has become the number one on the Czech market in terms of the volume of sale. Its market share is 18 per cent.

The company did not disclose the purchase price. Analysts estimated earlier that OMV paid some CZK 3-4 billion (EUR 105 million – EUR 140 million) for the petrol stations of its rival Aral.

OMV has been operating in the Czech Republic since 1991. At present, it has 84 internal workers and employs roughly 1,500 people indirectly.

In the Czech Republic there were 2,212 filling stations last year, according to data from the Czech Association of Petroleum Industry and Trade. Benzina of the Unipetrol group was the market leader with roughly 300 petrol stations, followed by Cepro with around 200 EuroOil stations and Shell with roughly 140 stations.

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