Middle East Economic Survey

VOL. XLVIII

No 33

15-August-2005

UAE

OMV Closes Sale Of 50% AMI Stake To IPIC

OMV announced on 4 August the closing of the sale of a 50% stake in its fertilizer and melamine subsidiary AMI to International Petroleum Investment Company (IPIC) of Abu Dhabi (MEES, 9 May). IPIC holds a 17.6% stake in OMV. AMI (Agrolinz Melamine International) upgrades gas into agricultural and industrial raw materials. In the melamine sector, AMI is the market leader in Europe and the global...