16 January 2012 12:28 [Source: ICIS news]
LONDON (ICIS)--Analysts are examining whether ?xml:namespace>
A report in an Austrian daily, Die Presse, said IPIC, currently a 24.9% shareholder in OMV, may have parked additional OMV shares at numerous funds awaiting approval from the Austrian economy ministry to increase its stake.
“We believe IPIC buying may have been supporting OMV’s shares when it increased its stake to 24.9% [from 20.4% last year]," said analysts at Prague-based Wood & Company.
"Its formal request to increase its shareholding to above 25% may well suggest that it intends to purchase additional OMV shares,” the analysts said in a note to investors.
On 3 January,
A stake of 25% or more would give the
However, under a recently introduced law, the economy ministry has gained veto rights over investments of 25% or more in important Austrian infrastructure companies by investors from outside the EU, the European economic area or
In addition to its OMV holding, IPIC's portfolio companies include
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