Ipic raises stake in OMV to 20%

09 January 2010

Abu Dhabi-based International Petroleum Investment Co. (Ipic) has increased its stake in Austria's OMV Aktiengesellschaft to 20% from 19.6%. IPIC and Austria's investment and privatization agency ÖIAG, OMV's other core shareholder, together now hold 51.7% of all voting rights, OMV said in a statement.

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