OMV said it has signed an agreement for the sale and purchase of a 49% minority stake in GasConnectAustria.
The deal has been made as part of a consortium composed of Allianz and Snam.
The consortium was selected as purchase by OMV after a competitive auction process which started in the second quarter of this year.
The sale of the minority stake in GCA supports the financial stability and cash flow of the OMV Group.