Trafigura, Vitol Said Among Bidders for OMV Turkey Fuel Unit - BLOOMBERG

Dinesh Nair, Ercan Ersoy
October 10, 2016 — 11:21 AM EDTUpdated on October 11, 2016 — 4:23 AM EDT

• Opet, Socar and private equity firms also said to bid
• Turkey’s Petrol Ofisi sale could fetch about $1.2 billion

OMV AG, central Europe’s biggest oil and gas company, has got initial bids from Vitol SA and Trafigura Group Pte for its Turkish fuel retailer OMV Petrol Ofisi AS, people with knowledge of the matter said.

Opet Petrolculuk AS, the State Oil Co. of the Azerbaijan Republic and private equity firms are also among the companies that made offers, said the people, who asked not to be identified because the process isn’t public. BP Plc and Saudi Arabian Oil Co., known as Aramco, are also weighing bids, the people said.