Thursday, 26 June 2014

UPDATE 1-Gazprom in talks to buy Abu Dhabi's OMV stake - source | Reuters

UPDATE 1-Gazprom in talks to buy Abu Dhabi's OMV stake - source | Reuters:



"Russia's Gazprom is in talks to buy Abu Dhabi's 24.9 percent stake in Austrian oil and gas firm OMV, a source familiar with the talks told Reuters on Thursday. 




"Talks were held but they have yet to decide on pricing," the source said, confirming comments from an Austrian member of parliament, who told Kurier newspaper and Reuters he had "concrete indications" that Abu Dhabi fund IPIC and Gazprom had held discussions on the issue.



Austrian state holding company OIAG, which holds 32 percent of OMV in a shareholder pact with International Petroleum Investment Co (IPIC) and coordinates any shareholding changes, said it had seen no sign that IPIC wanted to exit.

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