Abu Dhabi's ADNOC to pick 24.9% stake in Austria's OMV from Mubadala

Abu Dhabi's ADNOC to pick 24.9% stake in Austria's OMV from Mubadala

The logo of Austrian oil and gas group OMV is seen at a gas station in Vienna, Austria, October 30, 2018. REUTERS/Heinz-Peter Bader/File Photo

Abu Dhabi National Oil Company (ADNOC) has agreed to acquire a 24.9% shareholding in Austrian oil and gas group OMV from Abu Dhabi state fund Mubadala Investment Company, the two companies said on Wednesday.