OMV Petrom (SNP) is set to transfer to OMV Petrom Marketing itwholly controls the 442 self-branded filling station network valuedat 232.9m euros and all the contracts related to distribution andmarketing operations, in the broadest restructuring move theAustrians have carried out since they took over the company in2004. "(...) Since OMV Petrom's core business includes operationssimilar with those part of OMV Petrom Marketing's core business, inorder to avoid an overlapping of the two companies' resources andlogistics, OMV Petrom plans to transfer the spun-off business toOMV Petrom Marketing," say the company's representatives. Accordingto them, the move will generate cost savings and also ensure aspeedier decision-making process. The 442 filling stationsoperating under Petrom's logo are worth 232.9m euros, with theaverage value per station standing at 526,900 euros, according tothe appraisal by SHM Smith Hodgkinson Romania.
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