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IPIC May Raise Stake in OMV
Politics ♦
Published: February 3, 2012; 18:24 ♦ (Vindobona)
IPIC’s request to increase its stake in the Austrian oil and gas company OMV beyond 25% doesn’t require an approval by the Austrian Ministry of Economics.
IPIC May Raise Stake in OMV / Picture: © Wikimedia Commons / DanielZanetti [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)]
International Petroleum Investment Co.’s current request to increase its stake in OMV AG to more than 25 percent doesn’t require approval from the Austrian Ministry of Economy, according to ministry spokeswoman Waltraud Kaserer.
IPIC, an investment company owned by Abu Dhabi, already holds 24.9 percent of OMV. The request to increase its stake to at least 25 percent was…
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