Adnoc to transfer OMV shares to its international investment arm
- 2025-07-16
- 18:46:08
Breaking News
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."
The UAE has responded swiftly to the devastating earthquake that struck eastern Afghanistan, sending urgent aid and rescue teams to assist those af…
Borouge Plc today confirmed shareholder approval at its 29th August General Assembly Meeting for an interim dividend of $660 million, equivalent to…
The Ministerial Council of the Gulf Cooperation Council (GCC) called on Monday for an immediate and permanent ceasefire in Gaza, stressing the need…
