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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Austria watchdog clears IPIC plan to up OMV stake

Posted on 04 January 2012

Austria’s competition watchdog has cleared Abu Dhabi sovereign wealth fund IPIC’s plan to raise its stake in energy group OMV to at least 25 percent, the agency said on Tuesday.
IPIC informed the Austrian Competition Authority last month of its plan. Parties potentially affected by the move had until Jan. 2 to comment. “We did not issue a review application yesterday so it has been cleared,” a spokesman for the agency said………………………………………..Full Article: Source


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