27 Jun 2014
(MENAFN) Gazprom plans to buy a 24.9 percent stake in Austrian oil and gas firm OMV, a source familiar with the talks said, a deal that would deepen already controversial Austro-Russian ties if it comes to fruition, according to Arab News.
Buying the stake would give state-controlled Gazprom a beachhead in the European Union, which has serious issues with its planned gas pipeline through central Europe to Austria and has imposed sanctions over Russia’s annexation of Crimea.
‘Talks were held but they have yet to decide on pricing,” the source said.
Austrian state holding company OIAG, which holds 32 percent of OMV in a shareholder pact with Abu Dhabi’s International Petroleum Investment Co. (IPIC) and coordinates any shareholding changes, said it had seen no sign IPIC wanted to exit.
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more