Key Developments: OMV AG (OMVV.VI)

OMVV.VI on Vienna Stock Exchange

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19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

NK Lukoil OAO Buys OMV AG's Lubricants Business-Interfax
Friday, 28 Jun 2013 04:46am EDT 

Interfax reported that NK Lukoil OAO (Lukoil) has purchased Austrian company OMV AG's lubricants business. The Russian oil producer will take over the lubricants business in nine European countries, a blending plant in Austria and the 'Bixxol' brand name. The sale is expected to be closed at the end of 2013 following approval by the competition authorities. Both companies have agreed not to disclose the purchase price.  Full Article

Unipetrol as Enters Talks with OMV AG about Its Czech Gas Stations - Reuters
Monday, 24 Jun 2013 04:12am EDT 

Reuters reported that Unipetrol as has held talks with OMV AG about buying the Austrian group's Czech gas station network, weekly magazine Euro reported on Monday (June 24, 2013). Unipetrol as, majority owned by Poland's PKN Orlen SA, is planning to invest up to USD 1 billion over the next five years to return to profit. It aims to increase its share of the retail fuel market to 20% by 2017 from 14%.  Full Article

Polskie Gornictwo Naftowe i Gazownictwo SA Wins Shares in Exploration Licences in Norway Together with OMV AG's OMV Norge AG-Reuters
Friday, 14 Jun 2013 04:47am EDT 

Reuters reported that Polskie Gornictwo Naftowe i Gazownictwo SA (PGNiG) won shares in four oil and gas exploration licences in Norway, gaining an entry into Barents Sea drilling. Norway granted licences to 29 companies, including Royal Dutch Shell, BP, ConocoPhillips and Statoil. PGNiG will take over 40% of two licences in the Norwegian Sea with Austrian OMV's OMV Norge AG the operator. The Company was also granted 30% and 20% shares in two licences on the Barents Sea. PGNiG owns shares in 14 exploration licences in Norway.  Full Article

GDF Suez SA Acquires 9% Stake in Nabucco West Pipeline Project from OMV AG-Les Echos
Tuesday, 28 May 2013 08:00pm EDT 

Les Echos reported that GDF Suez SA has acquired a 9% stake in the Nabucco West pipeline project from OMV AG. The project aims to build a gas pipeline connecting Austria and Turkey. Financial terms were not disclosed.  Full Article

OMV AG Buys RWE AG's Stake In Nabucco Gas Pipeline Project-Reuters
Sunday, 14 Apr 2013 07:01am EDT 

Reuters reported that OMV AG has bought German utility RWE AG's nearly 17% stake in the Nabucco pipeline project that aims to bring Caspian gas to Europe. An OMV spokesman confirmed media reports about the sale but gave no financial details. RWE also confirmed the stake was transferred on March 1 but gave no price or other details. OMV Chief Executive Gerhard Roiss had said in December that talks with RWE on a sale were under way. Both companies own 16.67% stakes in the project. A decision on which pipeline project will get the contract of delivering Azeri gas to Europe is due within months. Nabucco is competeing against the Trans Adriatic Pipeline group. RWE had said in May it was reviewing the Nabucco project. OMV and its partners have proposed a scaled-down version of the project called Nabucco West that would run from Turkey's western border to Austria. Nabucco West foresees the construction of a 1,300 km pipeline from the Bulgarian/Turkish border to Austria.  Full Article

OMV AG Announces FY 2012 Dividend Proposal
Thursday, 21 Feb 2013 03:01am EST 

OMV AG announced that its Executive Board proposes a dividend of EUR 1.20 per share for fiscal year 2012. On May 10, 2012, the Ordinary Annual General Meeting approved the payment of a dividend of EUR 1.10 per share for fiscal year 2011.  Full Article

OMV AG Sells Lagermanagementgesellschaft m.b.H. to Erdoellagergesellschaft m.b.H.
Friday, 18 Jan 2013 07:11am EST 

OMV AG announced that together with Erdoellagergesellschaft m.b.H. (ELG), they have agreed have agreed the sale of Lagermanagementgesellschaft m.b.H. (LMG, a 100% subsidiary of OMV AG) to ELG. The parties have agreed not to disclose the purchase price.  Full Article

Abu Dhabi's IPIC happy with OMV stake, in for long term -finance chief

VIENNA, Dec 11 - Abu Dhabi's IPIC sovereign wealth fund is happy with its nearly 25 percent stake in Austrian energy group OMV and will remain an investor for the long haul, IPIC finance chief Murtadha al-Hashmi told Austria's ORF radio.

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