Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/omv-and-partners-sign-agreement-for-takeover-of-ec.shtmlOMV and partners sign agreement for takeover of EconGas by OMV
The owners of EconGas GmbH, OMV (64.25%), EVN (16.51%), Wien Energie (16.51%) and Energie Burgenland (2.73%), have signed an agreement for the takeover of all
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The owners of EconGas GmbH, OMV (64.25%), EVN (16.51%), Wien Energie (16.51%) and Energie Burgenland (2.73%), have signed an agreement for the takeover of all EconGas shares by OMV. The transaction is subject to approval by the antitrust authorities. The parties have agreed not to disclose the purchase price.
OMV Executive Board member Manfred Leitner, responsible for Downstream: 'As announced, we have signed the EconGas takeover agreement before the end of the year and thereby taken another step, as planned, in restructuring OMV's gas business. This has allowed us to lay the foundations for achieving a significant increase in the efficiency of the natural gas trading business.'
