04 October 2011 03:03 [Source: ICIS news]
LONDON (ICIS)--Abu Dhabi’s International Petroleum Investment Co (IPIC) has raised its stake in Austria’s energy and petrochemicals major OMV by 4.5 percentage points to 24.9%, OMV said late on Monday.
In a regulatory filing, OMV said IPIC now holds almost 81.5m OMV shares. It did not disclose further financial details.
OMV’s shares closed down 2.9% at €21.87/share ($28.78/share) on the Vienna Stock Exchange on Monday.
IPIC’s portfolio companies include, among others, Canada’s NOVA Chemicals and Spain’s energy and petrochemicals firm CEPSA, as well as a stake in Austria-based petrochemicals and plastics firm Borealis, which is partly-owned by OMV.
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