Austrian Oil Group, OMV, wins EU approval to sell its heating oil business
The Austrian agricultural product company RWA won EU approval this week to acquire the heating oil division, OMV Waerme, from Austrian oil group OMV.The sale was announced in February 2011 and the buyer is a consortium led by RWA Raiffeisen Ware Austria Aktiengesellschaft which will take over all 42 employees of OMV Wärme VertriebsgmbH as well as the six sales offices.With this move, OMV has completed the restructuring of its heating oil business in Austria and Germany; it has previously sold OMV Bayern GmbH to Kreuzmayr GmbH of Eferding, (Upper Austria) in 2008. This means that heating oil will now be sold to private customers only through brand partners. Besides these brand partners OMV will continue to provide direct support to large customers.