OMV says in talks to buy RWE Nabucco stake
VIENNA (Reuters) - Austrian energy group OMV (OMVV.VI) may buy RWE's (RWEG.DE) stake in the Nabucco gas pipeline project that aims to bring Caspian supplies to Europe, OMV Chief Executive Gerhard Roiss said on Friday.
"We are in talks with RWE about taking over their shares but not for the long term," Roiss told business journalists. Both companies own 16.6 percent stakes in the project.
A source familiar with the matter had told Reuters on Sunday that German group RWE may soon quit the Nabucco project and could sell its stake in the scheme to OMV.
RWE said in May it was reviewing strategic requirements regarding the Nabucco project.
(Reporting by Angelika Gruber, writing by Michael Shields)
LONDON - The euro extended its slide on Wednesday, hitting its lowest level in a year against the dollar as expectation grew that the European Central Bank will act soon to counter low growth and inflation.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.