Austrian oil and gas company OMV AG (OMV.VI) said Wednesday in a statement to Istanbul Stock Exchange that it didn't have any meeting with Turkish conglomerate Dogan Holding (DYHOL.IS) about a stake sale in Turkish fuel and oil products distributor Petrol Ofisi AS (PTOFS.IS), or POAS, the Ihlas News Agency, or IHA, reported.
Some analysts cited a rumor Tuesday that Dogan Holding was selling its shares in the fuel distributor.
OMV owns a 36% stake in POAS while Dogan Holding controls a 57% stake in the company.
Meanwhile Dogan Holding said in a statement late Tuesday that it has no plan to sell its stake in POAS.
"We have no agenda to sell stakes in POAS to OMV or any other companies," it said.
POAS, posted a net loss of 40.83 million new Turkish liras ($33.14 million) in the first quarter. The net loss was down 82% from the year ago loss of TRY224.16 million.
However, the company's 2007 net profit rose 35% on the year to TRY311 million.
At 0715GMT, POAS shares were trading in the Istanbul Stock Exchange unchanged from Tuesday at TRY6.00, amid a 0.54% lower overall market.