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OEZVY Verbund AG (PK)

16.37
-0.19 (-1.15%)
Last Updated: 14:52:05
Delayed by 15 minutes
Name Symbol Market Type
Verbund AG (PK) USOTC:OEZVY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.19 -1.15% 16.37 15.28 17.46 16.37 16.37 16.37 103 14:52:05

OMV in Negotiations With Verbund for Potential Gas Connect Austria Stake Disposal

12/03/2020 8:55am

Dow Jones News


Verbund (PK) (USOTC:OEZVY)
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   By Mauro Orru 
 

OMV AG said Thursday that it is in negotiations on an exclusive basis with Austrian energy company Verbund AG for the potential disposal of its 51% stake in Gas Connect Austria GmbH.

Verbund said its executive board is weighing the rationale behind the potential acquisition of the stake.

OMV said it plans to exit the regulated gas transport business.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

March 12, 2020 04:40 ET (08:40 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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