Middle East Economic Survey
VOL. XLVIII
No 19
9-May-2005
Uae
IPIC Boosts Holding In OMV Melamine Subsidiary To 50%, Plans Ruwais Plant
Abu Dhabis International Petroleum Investment Corporation (IPIC) has increased its holding in OMV chemicals subsidiary Agrolinz Melamine International (AMI) to 50%, OMV announced on 2 May. The transaction is expected to close in the second half of the year and will allow OMV to concentrate on its three core interests: oil upstream, refining and marketing and gas....
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