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Increase in IPIC´s Shareholding at OMV Approved?

Published: January 27, 2012; 20:01 · (Vindobona)

Today, the Austrian Ministry of Economics announced to have decided over IPIC´s application. The Arab fund plans to increase its stake at OMV beyond 25%.

Increase in IPIC´s Shareholding at OMV Approved? / Picture: © Wikimedia Commons / DanielZanetti [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)]

The Abu Dhabi state fund IPIC, as a non-European investor, needs the approval of the Austria government in order to raise its stake in the domestic oil and gas group OMV. Currently, IPIC holds 24.9% in OMV and plans to extend its shareholding beyond 25%.

The decision over IPIC´s application is already taken by Minister of Economics, Reinhold Mitterlehner. However, Mitterlehner…

This article includes a total of 179 words.

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