Mabanaft Gets Involved in End-Consumer Business in Austria Through Petronord
Mabanaft Austria Holding GmbH & Co. KG acquires a stake in Manfred Mayer MMM Mineralölvertriebsgesellschaft mbH in Austria with effect from January 1, 2004. The other shareholder in the company is the Mayer family of Neudörfl. Since the early 1970s, the company with locations in Neudörfl (head office), Vienna and Oberwart has supplied households, commercial and industrial companies as well as discount service stations and heating oil traders – in the Burgenland region as well as Vienna, Lower Austria and Styria. The product and service portfolio ranges from high-quality heating oils and lubricants, to fuels, to petroleum transport.
Similarly to the Petronord shareholdings in Germany, the involvement in the end-consumer business in Austria initially serves to support Mabanaft Austria’s trading business. The technical responsibility lies with Petronord from the beginning. At a later date, the Mabanaft Austria shareholding is transferred to Petronord.