OMV and Gazprom, along with the further parties Wiener Borse AG, the operator of the Vienna Stock Exchange, and Centrex Europe Energy & Gas AG, a company operating in the natural gas sector, have agreed in principle:
CEGH, currently a 100% subsidiary of OMV, is a gas hub platform existing in addition to the physical gas hub functions in Baumgarten and has recently been converted into a joint stock corporation (Aktiengesellschaft).
Upon closing of the intended transaction, which is expected to occur in 2009, OMV Gas & Power GmbH and Gazprom Germania GmbH will each hold a 30% participation in CEGH. Wiener Borse AG and Centrex Europe Energy & Gas AG will each acquire a 20% participation in CEGH.
The transaction is subject to approval by regulatory authorities, in particular pursuant to the Austrian Stock Exchange Act and European merger control regulations.
Most Popular Articles
From the Career Center
Jobs that may interest you