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Abu Dhabi-based ADNOC Acquires OMV Shares from Sovereign Wealth Fund Mubadala
There is a change in the ownership structure of the Austrian oil and gas group OMV. Long-time core shareholder Mubadala, Abu Dhabi's sovereign wealth fund, sells its 24.9 percent stake in OMV to Abu Dhabi National Oil Company (ADNOC), also a state-owned company. The state holding company ÖBAG announced that it had been informed of the change in ownership.
There will be a change in the ownership structure at OMV. / Picture: © Wikimedia Commons / DanielZanetti / CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)
With a 24.9 percent stake in OMV, ADNOC will thus become the second-largest shareholder behind ÖBAG, which holds 31.5 percent. "Should the regulatory approvals be granted, Adnoc would be a long-term oriented, strategic partner for all OMV business areas," ÖBAG wrote in its statement. ÖBAG's goal remains to ensure the long-term increase in OMV's value and to protect the interests of…
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