Austria's OMV takes over Czech Aral

06-10-2005

The Austrian firm OMV has taken over the Czech chain of petrol filling stations Aral. OMV's director said that they planned to invest up to 5 million US dollars in the chain. He said that Aral stations will all adopt the OMV logo within the next six months, but he would not say how much OMV had paid for the company. The deal will make OMV the chain selling the largest volume of car fuel in the Czech Republic. The Polish petrochemicals concern PKN Orlen had also been interested in buying Aral.