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    Reuters: Gazprom in talks to buy Abu Dhabi's OMV stake-source

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Summary

New reports indicate that Gazprom is in negotiations to purchase a 24.9 percent stake in Austrian oil and gas company OMV from Abu Dhabi's IPIC fund

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Press Notes

Reuters: Gazprom in talks to buy Abu Dhabi's OMV stake-source

Gazprom is in talks to buy a 24.9 percent stake in Austrian oil and gas firm OMV, a source familiar with the talks told Reuters, 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.

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