OMV in Negotiations With Verbund for Potential Gas Connect Austria Stake Disposal
12 Marzo 2020 - 9:55AM
Dow Jones News
By Mauro Orru
OMV AG said Thursday that it is in negotiations on an exclusive
basis with Austrian energy company Verbund AG for the potential
disposal of its 51% stake in Gas Connect Austria GmbH.
Verbund said its executive board is weighing the rationale
behind the potential acquisition of the stake.
OMV said it plans to exit the regulated gas transport
business.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
March 12, 2020 04:40 ET (08:40 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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