Austria’s OMV mulls split into energy and chemicals businesses – report – Reuters

Austria’s OMV mulls split into energy and chemicals businesses – report – Reuters

VIENNA, Oct 30 (Reuters) - Austria's OMV (OMVV.VI) is drawing up plans to split into separate energy and chemicals businesses, Kurier newspaper reported on Saturday, adding that the company's board had not yet reached a decision on the proposal.

A company spokesperson declined to comment on the report, which cited no sources for the information, and said OMV was working on a new corporate strategy that would be presented in the first quarter of 2022.

Kurier said a task force had been working for four weeks on the project, which still needed to be coordinated with shareholders Mubadala (MUDEV.UL) of Abu Dhabi and Austria's state holding company OeBAG.