Adnoc to transfer OMV shares to its international investment arm
- 2025-07-16 04:42:45
Abu Dhabi National Oil Company (Adnoc) is set to transfer its 24.9% shareholding in Austrian energy player OMV to XRG, Adnoc's wholly owned international investment company.
The transfer is subject to regulatory approvals and is “aligned with Adnoc’s strategy to consolidate its international growth investments under XRG,” Adnoc said in a statement on Wednesday.
The Middle East giant said the company "remains committed to its longstanding partnership with OMV through XRG and reaffirms its support for the company’s continued growth and success."
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