ABU DHABI/VIENNA: Gazprom is in talks to buy a 24.9 percent stake in Austrian oil and gas firm OMV, a source familiar with the talks said, a deal that would deepen already controversial Austro-Russian ties if it comes to fruition.
Buying the stake would give state-controlled Gazprom a beachhead in the European Union, which has serious issues with its planned gas pipeline through central Europe to Austria and has imposed sanctions over Russia’s annexation of Crimea.
“Talks were held but they have yet to decide on pricing,” the source said.
Austrian state holding company OIAG, which holds 32 percent of OMV in a shareholder pact with Abu Dhabi’s International Petroleum Investment Co. (IPIC) and coordinates any shareholding changes, said it had seen no sign IPIC wanted to exit.
“It’s news to me,” Siegfried Wolf, an Austrian businessman with close ties to Russia who was elected OIAG chairman on Thursday, told a news conference.
But he said OIAG, which has right of first refusal to buy the stake from IPIC, would not necessarily know about any such talks until the point at which IPIC was ready to sell.
He added he had not spoken to IPIC about the issue.
A Russian gas industry source dismissed as “rubbish” prospects that Gazprom would buy the stake in OMV, with whom it signed a pact this week to build a branch of the disputed South Stream pipeline to Austria.
Veteran Austrian opposition lawmaker Peter Pilz told Kurier newspaper and Reuters he had “concrete indications” that IPIC and Gazprom had held discussions on the issue.
Gazprom and IPIC declined to comment, while OMV referred questions to its major shareholders. Shares in OMV closed up 2.9 percent at 33.085 euros, making a 25 percent stake worth around 2.7 billion euros ($3.7 billion).
Gazprom in talks to buy Abu Dhabi’s OMV stake
