Turkish fuel distributor Petrol Ofisi AS (PTOFS.IS) said Wednesday it has decided to terminate the operations of its overseas subsidiaries Petrofinance NV and PO Oil Financing Ltd., the Ihlas News Agency, or IHA, reports.
Petrol Ofisi didn't give further details.
Turkish media-to-energy conglomerate Dogan Holding (DOHOL2.IS) said earlier Wednesday it will start talks with Austrian energy firm OMV AG (OMV.VI) on the sale of part or all of the Turkish firm's stake in Petrol Ofisi.
Petrol Ofisi shares closed trading at the Istanbul Stock Exchange up 8.73% from Tuesday at TRY6.85, on a 1.78% lower overall market.