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Gazprom-OMV asset swap deal may be closed in 12-24 months — OMV CEO

June 30, 2016, 17:47 UTC+3
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VIENNA, June 30. /TASS/. Up to 24 months may be needed to finally close the asset swap deal between Gazprom and OMV, Chief Executive Officer of OMV Rainer Seele said on Thursday on the air with the Austrian public radio station ·1.

The parties earlier assumed the opportunity of closing the deal by 2016 year-end.

"We have a goal of setting milestones by the year-end," Seele said. "Then a year or two will be definitely needed to get approvals from authorities and we hope we will be able to close the deal after that," he added.

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