Austrian-based OMV says its executive board has decided the company will no longer pursue the sales process for 100 percent of its shares in OMV New Zealand Limited.

The country's rightwing populist president must now decide whether to hold new elections or appoint a new government in defiance of protesters' demands.

The government has deferred to January 2026 the implementation of the Excise (Determination of Value of Locally Manufactured ...