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Abu Dhabi's IPIC not planning to increase OMV stake
- United Arab Emirates: Sunday, July 29 - 2012 at 11:03
Austria's OMV has said there are no plans at this stage for Abu Dhabi's state-owned fund International Petroleum Investment Co to raise its 24.9% stake in the energy group, Reuters has reported. "There are no talks at all about changing anything. These are all just rumours," Gerhard Roiss was quoted as saying by a local daily. Last February, the Austrian government dismissed IPIC's request for permission to raise its OMV stake to at least 25%.
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