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Austria rebuffs IPIC bid for OMV stake

The Austrian government has reportedly dismissed Abu Dhabi sovereign wealth fund IPIC's request for permission to raise its stake in energy group OMV to at least 25%.

Ownership rules: IPIC needs approval to own 25% or more of Austrian oil and gas group, government says
Ownership rules: IPIC needs approval to own 25% or more of Austrian oil and gas group, government says
  • Bill Lehane and news reports
Published 3 February 2012, 15:56Updated 11 October 2016, 15:39
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