Many investors are interested in the 49% stake package, which OMV proposes for sale to Gas Connect Austria, a construction company and operator of pipelines, writes Reuters. The auction is expected to begin in March, coordinated by Citigroup.

The mentioned media institution, lists among those interested, the German insurance group Allianz, Borealis Infrastructure company, the Canadian pension fund OMERS, the Belgian company Fluxys, the Czech energy group EPH and First State Investments, the division asset management of the Commonwealth Bank of Australia (CBA). The deal could reach and even exceed 750 million euros.

In the fourth quarter of 2015, OMV announced stake writedowns worth 1.8 billion euros, mainly due to lower oil prices.