Vienna (APA-ots) –
* Purchase price of USD 903 million subject to payment
Adjustments to complete the transaction
* Closing of the transaction at the end of the first half of 2024
* Divestment in line with OMV Strategy 2030
Following a competitive bidding process
OMV has reached an agreement to sell its 50 percent stake
Participation in the Malaysian SapuraOMV Upstream Sdn. Bhd. at
TotalEnergies Holdings SAS signed. The whole
Cash purchase price amounts to USD 903 million. This
Amount includes full repayment of the outstanding
USD 350 million shareholder loan from OMV
was granted to SapuraOMV, as well as the net working capital and others
Elements, subject to adjustment of the payment effective
purchase price to complete the transaction[1]. The sale will
expected towards the end of the first half of 2024, in particular
subject to official approvals. The
The remaining 50 percent share is held by SapuraEnergy.
SapuraOMV, headquartered in Kuala Lumpur, is a
50:50 joint venture between Sapura Energy Berhad and OMV, 2019
Founded. The company has production and
Development facilities in shallow waters off the coast of Malaysia
as well as exploration interests in Mexico, Australia and
New Zealand.
“This agreement streamlines our energy portfolio and stands in the
In line with the OMV Strategy 2030, oil and gas production
to reduce the time. Furthermore, this divestment will
contribute to creating value for OMV and capital for new ones
to provide strategic projects,” said Alfred Stern
Chairman of the Board of OMV Aktiengesellschaft. “On behalf of OMV
I would like to thank all SapuraOMV employees for
their commitment and contributions.”
In addition, OMV announces that the sales process for
100 percent of the shares in OMV New Zealand Limited will continue.
[1] Economic deadline December 31, 2022
About OMV Aktiengesellschaft
It is our corporate purpose to lay the foundations for a sustainable
to reinvent life. OMV is transforming into a leading company
Sustainable fuels, chemicals and materials company
with a key role in the circular economy. Today she is in
the integrated business segments Energy, Fuels & Feedstock and
Chemicals & Materials. Through the gradual transition to
OMV is aiming for a low-carbon business by 2050 at the latest
Achieve net zero. The company achieved one in 2022
Sales of EUR 62 billion and employed around 22,300 diverse and
talented employees. OMV shares are listed on the Vienna Stock Exchange
(OMV) and as American Depository Receipts (OMVKY) in the USA
traded. Further information on [www.omv.com]
(http://www.omv.com/)
Inquiry note:
OMV International Media Relations
Daniel Smith
+43 664 8567515
Digital press kit: http://www.ots.at/pressemappe/145/aom
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