ADNOC is transferring its 24.9% shareholding in OMV AG to its wholly-owned investment firm XRG to streamline its international investments and reinforce its strategic partnership with OMV.

Information on the Target

OMV AG is a multinational oil and gas company headquartered in Vienna, Austria. Established in 1956, OMV is one of the largest producers of oil and gas in Central and Eastern Europe. The company operates across the entire value chain, including exploration and production, and has diversified interests in refining and retail, thereby positioning itself as a significant player in the energy sector.

By transferring a 24.9% shareholding to XRG P.J.S.C., ADNOC aims to enhance its investment strategy and further support OMV's growth trajectory. This shareholding is poised to play a crucial role in bolstering operational synergies and financial collaboration between the two entities.

Industry Overview in Austria

The oil and gas industry in Austria is characterized by its relatively small domestic production complemented by a reliance on imports to meet national consumption demand

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XRG P.J.S.C

invested in

OMV AG

in 2025

in a Other Corporate deal

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