VOL. XXXVII
NO. 34
23-MAY-1994
UAE
Abu Dhabi's IPIC To Acquire 20% Of Austria's OMV
Abu Dhabi's International Petroleum Investment Company (IPIC) is to acquire a19.6% stake in the state controlled Austrian energy and chemicals group OMV,following a unanimous decision on 18 May by the supervisory board of OMV'sparent company - Oesterreichische Industrieholding (OIAG) - to approve IPIC'soffer. However, the purchase agreement includes a put option whereby IPIC hasthe right to resell its stake to...
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