OMV : Petrom closes the transaction acquiring the largest electric mobility network in Romania

OMV Petrom closes the transaction acquiring the largest electric mobility network in Romania

• OMV Petrom targets 1,000 charging points for electric vehicles in the region, by the end of 2024

OMV Petrom, the largest integrated energy producer in Southeastern Europe, closed the acquisition of Renovatio Asset Management, owner of the largest charging network for electric vehicles in Romania, with over 400 charging points and growth prospects to approximately 650 by 2026.

The transaction was approved by the Competition Council and the Commission for Foreign Direct Investment Screening.

At the end of the first quarter of 2024, there were approximately 300 charging points in OMV and Petrom networks.

Radu Căprău, member of OMV Petrom Executive Board, responsible for refining and marketing:
"By completing this acquisition, OMV Petrom becomes the largest player in the field of electric mobility in Romania. Our ambition is to have 1,000 charging points installed in Romania, Bulgaria, Serbia and Moldova by the end of this year. We want to remain our customers' first choice and to consolidate our leading position in the Romanian mobility segment".

About OMV Petrom

OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual Group hydrocarbon production of approximately 41 million boe in 2023. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency gas-fired power plant. The Group is present on the oil products retail market in Romania and neighbouring countries through approximately 780 filling stations under two brands - OMV and Petrom.
OMV Petrom is a company in which, as of end-2023, Romanian shareholders hold over 43% of the shares (of which the Romanian state, through the Ministry of Energy, holds 20.7%, and 22.5% are owned by pension funds in Romania, to which are added almost 500,000 individual investors and other Romanian entities). OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51.2% stake in OMV Petrom, and the remaining 5.6% are held by other foreign investors. Of the total shares of OMV Petrom, 28.1% represents the free float on the Bucharest Stock Exchange.

OMV Petrom is one of the largest contributors to the state budget, with approximately 42 billion euro in taxes and dividends paid between 2005 and 2023. During the same period, the company invested approximately 18 billion euro.

Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2023, the company has allocated around 160 million euro to develop communities in Romania, focusing on environmental protection, education, health, and local development.

On July 29th, 2020, OMV Petrom announced its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) regarding risks and opportunities on climate change. OMV Petrom annually reports on the progress made in implementing these recommendations.