Austrian energy group's CEO says talk of IPIC increasing interest is 'all just rumours'
There are no plans at this stage for Abu Dhabi's state-owned fund International Petroleum Investment Co to raise its 24.9 percent stake in Austrian energy group OMV, OMV's chief executive told a newspaper.
"There are no talks at all about changing anything. These are all just rumours," Gerhard Roiss said in an interview with Der Standard that was released ahead of publication on Friday.
The Austrian government in February dismissed IPIC's request for permission to raise its OMV stake to at least 25 percent.
Austrian law requires non-European investors to get advance approval to increase stakes in strategic groups like OMV to above 25 percent.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.