OTC Markets Group Welcomes OMV AG to OTCQX
Globenewswire·2025-05-12 11:00

Core Viewpoint - OMV AG has upgraded to the OTCQX Best Market, enhancing its visibility and accessibility for U.S. investors, which is expected to facilitate participation in the company's growth and financial strength [1][4]. Company Overview - OMV AG is an integrated sustainable chemicals, fuels, and energy company focused on transitioning to a low carbon business and aims to achieve net zero by 2050 at the latest [5]. - In 2024, OMV generated revenues of 34 billion euros and employs approximately 23,600 people globally [5]. Market Position - The upgrade to OTCQX allows OMV to provide transparent trading for U.S. investors, utilizing home market reporting to meet U.S. information requirements [3]. - Companies listed on qualified international exchanges must meet high financial standards and adhere to best practice corporate governance to qualify for OTCQX [3]. Investor Relations - OMV's CFO highlighted the importance of this upgrade in enhancing shareholder distributions and delivering consistent value to investors [4]. - The company aims to attract both institutional and retail investors in the U.S. market [4].