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OMV Capital Increase Likely

Published: February 9, 2011; 01:14 · (Vindobona)

Due to massive acquisitions in recent months, the Austrian OMV has to refinance. A capital increase is the most favorable option.

OMV Capital Increase Likely / Picture: © OMV AG

After buying Tunisian exploration rights at the beginning of this year and Turkish Petrol Ofisi in November last year, time pressure on OMV to refinance acquisitions increases. The sum amounts to € 1.7bn, with one billion due to the increase in shares of Petrol Ofisi.

Payments have already been made, financed temporarily by liquidity. The markets expect a capital increase…

This article includes a total of 188 words.

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OMV Capital Increase Likely

Due to massive acquisitions in recent months, the Austrian OMV has to refinance. A capital increase is the most favorable option.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.