Follow-up on the adhoc announcement dated November 15, 2011 with regards to the Eco Premium investigation by the Romanian Competition Council against Petrom
OMV Petrom SA (“OMV Petrom”), the 51.01% subsidiary of OMV Aktiengesellschaft and OMV Petrom Marketing SRL (100% subsidiary of OMV Petrom), were informed today by the Romanian Competition Council about the result of the antitrust investigation regarding the withdrawal of the retail product Eco Premium (unleaded gasoline pre-mixed with lead substitute) from the Romanian fuels market. The authority has imposed a fine of RON 366,530,965 (EUR 85.2 mn) on OMV Petrom. The fine applicable to OMV Petrom Marketing SRL amounts to RON 137,288,031 (EUR 31.9 mn).
OMV Petrom and OMV Petrom Marketing SRL are of the opinion that the fines imposed are not justified. Therefore, both companies will challenge the Competition Council’s decision in the courts.