“The decision is in line with the OMV Petrom strategy of optimizing the downstream operations with a view to improving efficiency. The parties have agreed not to disclose the transaction value; the completion of transaction is subject to approval by the Competition Council,” the company said in a statement Wednesday.
The firm that owns Ligatne is also majority shareholder of gas distributor Gaz Sud and Grup Dezvoltare Retele.
According to Trade Registry data, Ligatne is represented by Alexandru Bucsa, former CFO of state-owned chemical plant Oltchim. Bucsa is general manager of Gaz Sud and worked for oil group Rompetrol for ten years.
Petrom Distributie Gaze was set up in 2007. At the end od 2012, its distribution network was about 1,000 kilometers long and was serving over 21,000 clients.
OMV Petrom is controlled by Austrian group OMV.