was completed. Fifty-one percent of the state's shares were sold to Bulgaria International Consortium. On August 4, 1999, the company was privatized by the consortium led by Naftex Bulgaria Holding AD and including OMV (Austria) and Petrol Holding Group AD. Subsequently, Naftex Bulgaria Holding AD increased its stake in Petrol AD by buying out the shares of the other participants in the consortium. Activities The main activities of Petrol AD are: retail of fuels and petroleum products, retail of non-fuel goods, maintenance of fuel facilities and filling stations. Management Supervisory Board Chairman of the Supervisory Board: Petrol Correct EOOD, represented by Nikolay Gergov Member of the Supervisory Board: Petrol Asset Management EOOD, represented by Armen Nazaryan Management Board Chairman of the Board: Grisha Ganchev Deputy Chairman of the Management Board, Executive Director: Georgi Tatarski Member of the Management Board, Executive Director: Milko Dimitrov Member of the Management Board: Lachezar Gramatikov Member of the Management Board: Kiril Shilegov See also Litex Motors PFC Litex References External links Official website Bulgarian brands Oil and gas companies of Bulgaria