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OMV Deal: Many Questions Without Answer

Published: October 22, 2010; 12:34 · (Vindobona)

Not only the extent of the takeover is unknown, but also how it will be financed.

OMV Deal: Many Questions Without Answer / Picture: © OMV AG

It is also doubtful from where OMV will take the financial resources necessary to pay for the 54.17% stake in the Turkish Petrol Ofisi. A sale price of about one billion euro is expected. However, since OMV does want nothing to do with leverage, a capital increase will be necessary. The reason is the rating OMV wants to keep. The state, however, which holds 31.5% of OMV, would not…

This article includes a total of 254 words.

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