Varo Energy B.V. (Varo Energy) has completed the acquisition of shares currently held by OMV Deutschland GmbH (Vienna SE – OMV:AV) in Bayernoil Raffineriegesellschaft mbH, as well as certain downstream assets owned by OMV Deutschland GmbH.

The acquisition establishes Varo Energy as a major midstream energy business in north-west Europe focused on three core areas: refining; wholesale distribution; and storage. It has a combined refining capacity of 160,000 bbl/d, sales of 10 million cubic metres per year and 1.7million cubic metres of storage capacity.

Varo Energy’s assets include the Cressier refinery in Switzerland, a 45% share of the Bayernoil refinery in Germany, all the Petrotank storage facilities throughout Germany, additional storage facilities in Switzerland, and further downstream assets in Germany. The business serves clients in Northern Germany, Bavaria and along the Rhine, as well as throughout Switzerland, and will continue to seek opportunities to further strengthen its position.

About Varo Energy

Varo Energy is owned by Vitol (50%) and Carlyle International Energy Partners (CIEP) (50%).

About Vitol

The Vitol Group was founded in 1966 in Rotterdam, the Netherlands. Since then the company has grown significantly to become a major participant in world commodity markets and is now the world’s largest independent energy trader. Its trading portfolio includes crude oil, oil products, LPG, LNG, natural gas, coal, electricity, agricultural products, metals and carbon emissions. Vitol trades with all the major national oil companies, the integrated oil majors and the independent refiners and traders. Globally Vitol trades over 5 million barrels of crude oil and oil products per day and revenues in 2013 were $307 billion.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with approximately $199 billion of assets under management across 120 funds and 133 fund of funds vehicles as of March 31, 2014. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,600 people in 38 offices across six continents.

About OMV Aktiengesellschaft

With Group sales of EUR 42.41 bn and a workforce of around 27,000 employees in 2013, OMV Aktiengesellschaft is Austria’s largest listed industrial company. The Exploration and Production business segment has a strong base in Romania and Austria and a growing international portfolio. 2013 daily production stood at approx. 288,000 boe/d. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany with a capacity of 2.6 bcm. In Refining and Marketing OMV has an annual refining capacity after the sale of Bayernoil of 17.4 mn tonnes and as of the end of 2013 approximately 4,200 filling stations in 11 countries including Turkey.

See the site of Neustadt refinery
See the site of Vohburg refinery
See the site of Burghausen refinery