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IPIC Intends Further Increase in OMV

Published: March 8, 2012; 17:48 · (Vindobona)

The second core shareholder of OMV, the Arab state fund International Petroleum Investment Company, which is situated in Abu Dhabi, plans another rise in its shareholding.

IPIC Intends Further Increase in OMV / Picture: © OMV AG

According to the Austrian magazine “Format”, further shareholdings of OMV were acquired by IPIC´s owners. The stake held by IPIC is said to increase by up to 10%. The Stock Exchange is not informed, as the 5% threshold was not exceeded. Orders are said not to be placed by IPIC itself.

ÖIAG´s chairman Markus Beyrer emphasized that IPIC representatives assured that the stake…

This article includes a total of 162 words.

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