$17 M INVESTED IN OMV BG

Business | April 18, 2001, Wednesday // 00:00| Views: | Comments: 0

OMV Austria intends to acquire a 15% share of the BG oil market. Since 1998, when OMV Ltd. was set up, the Austrian corporation has invested $17 M in the construction of 17 commercial complexes for sale of oil products and other goods. According to the company`s strategy for the next five years OMV will become one of the biggest foreign investors in BG with capital exceeding $70 M. Another 47 complexes will be opened in BG by end-2001. By Y 2005 the number is expected to reach 70.
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