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IPIC to Take Over OMV?

Business › n.a. ♦ Published: December 9, 2011; 17:53 ♦ (Vindobona)

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This week, IPIC announced to raise its stake in OMV. At the moment, the Arab investment fund holds 24.9% of OMV´s share capital.

IPIC to Take Over OMV? / Picture: © Wikimedia Commons / Waerfelu [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

For the second time this year, the Arab International Petroleum Investment Company (IPIC) plans to raise its stake in OMV. In October, IPIC bought 4.9% of OMV´s shares and could thus extend its stake from 20.0% to 24.9%. Last week, a further increase has been announced. IPIC registered at the Austrian Federal Competition Authority (BWB) to exceed the minority blocking threshold. For…