Key Developments: OMV AG (OMVV.VI)

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Latest Key Developments (Source: Significant Developments)

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

OMV AG to Divest 45% Stake in Bayernoil Raffinerie GmbH by 2014-Dow Jones Global Equities News
Wednesday, 21 Nov 2012 04:42am EST 

Dow Jones Global Equities News reported that OMV AG will divest its 45% stake in the German refinery Bayernoil Raffinerie GmbH by 2014, according to material presented by OMV AG at its London media summit. OMV AG announced in January 2012 that it would focus its refinery business on refineries with integrated petrochemical or upstream operations, which Bayernoil Raffinerie GmbH does not have. OMV AG said then it was evaluating the stake. A month ago, OMV AG's Chief Executive Mr. Gerhard Roiss told Dow Jones Newswires that they were in talks to divest the stake, but declined to comment further.  Full Article

OMV AG to Start Trading on Bucharest Stock Exchange on August 23, 2012-SeeNews - The Corporate Wire
Tuesday, 21 Aug 2012 08:00pm EDT 

SeeNews - The Corporate Wire reported that shares of OMV AG will start trading on the Bucharest Stock Exchange on August 23, 2012, the bourse said. The Company’s shares will be traded on the Alternative Trading System of the Bucharest bourse. Romanian brokerage house Tradeville will act as market maker for the Company. Shares issued by another 20 foreign companies, Adidas, Deutsche Telekom, E.ON, Christian Dior, Danone, Heineken, L’Oreal, Bayer, SAP, Daimler, Visa, Intel, Coca-Cola, Apple, Bank of America, Microsoft Corp., Google, McDonald's, JPMorgan Chase & Co and Merck & Co, are currently traded on Bucharest Stock Exchange's Alternative Trading System platform.  Full Article

UPDATE 1--OMV production falls on Libya, Kazakhstan

* Q2 charges 145 mln euros mainly for Kazakhstan impairment

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