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OMV Petrom Plans to Spin Off Marketing Division in October

May 17 (Bloomberg) — OMV Petrom SA , Romanias largest oil company, plans to combine and spin off its three marketing units in October. Petrom, majority-owned by OMV AG , will transfer 7 percent of its total net assets encompassing its retail, commercial and business administration units to OMV Petrom Marketing SRL, the Bucharest-based company said in a statement sent to the Bucharest Stock …

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