By Neeraj Gangal
International Petroleum Investment Co raises stake in Vienna-based oil and gas group.
Abu Dhabi government-owned International Petroleum Investment Company (IPIC) has raised its stake in Austria's OMV to 20 percent, the Vienna-based oil and gas group said on Thursday.
IPIC has raised its stake to 20 percent from 19.6 percent previously, OMV said in a statement.
Shares in the company continued to trade around 2 percent higher at 32.16 euros on Thursday.
IPIC and Austria's state holding company OeIAG, OMV's other big shareholder, now hold 51.7 percent of voting rights combined, the statement added. (Reuters)