In February 2016, OMV announced it would sell up to 100% of its wholly owned subsidiary Petrol Ofisi, the leading company in the Turkish oil products retail and wholesale market. OMV signed the share purchase agreement with VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd., on 3 March 2017. Vitol has agreed to acquire OMV's shares in Petrol Ofisi, subject to certain conditions precedent and relevant regulatory approvals. The total purchase price was announced as approximately €1.368 million.