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OMV AG — Capital/Financing Update 2009
Mar 30, 2009
751_iss_2009-03-29_a88fcbc7-3648-4ccb-941f-c7298413d779.pdf
Capital/Financing Update
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OMV
keywords: other/OMV / oil /gas / energy / sale of shares
EANS-Adhoc: OMV Aktiengesellschaft / OMV sells its 21.2% stake in MOL
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
30.03.2009
OMV the leading energy group in the European growth belt has sold its 21.2% stake in MOL (corresponding to 22,179,488 MOL shares) to Surgutneftegas, for a total consideration of EUR 1,400 mn. After settlement of the transaction OMV will not own any further shares in Hungarian oil and gas group.
Due to restrictions indicated by the European Union as well as the rejection of the MOL board, OMV terminated its respective merger activities in August 2008. Therefore the sale of the MOL shares conducted by the investment bank JP Morgan is a logical step and in line with OMV's strategy of acting in the best interest of its shareholders by maximising the value of its investment. With EUR 1,400 mn a good price has been achieved. This price corresponds to HUF 19,212 per share compared to Friday's closing price of the MOL stock of HUF 9,940 per share.
Further inquiry note:
OMV
Investor Relations:
Angelika Altendorfer-Zwerenz
Tel. +43 1 40 440-21443
e-mail: [email protected]
Press:
Bettina Gneisz-Al-Ani
Tel. +43 1 40 440-21660
e-mail: [email protected]
Thomas Huemer
Tel. +43 1 40 440-21660
e-mail: [email protected]
Internet Homepage: http://www.omv.com
emitter: OMV Aktiengesellschaft
Otto-Wagner-Platz 5
A-1090 Wien
phone: +43 1 40440/21600
FAX: +43 1 40440/29496
mail: [email protected]
WWW: http://www.omv.com
sector: Oil & Gas - Downstream activities
ISIN: AT0000743059
indexes:
stockmarkets:
language: English
euro adhoc
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The European Investor Relations Service