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OMV AG — M&A Activity 2020
Mar 11, 2020
751_iss_2020-03-11_94c4c28a-dac5-4214-8d7e-61bd93478660.pdf
M&A Activity
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Publication Date: 11.03.2020 15:40 EANS-Adhoc: OMV Aktiengesellschaft / OMV Supervisory Board approves acquisition of an additional 39% share in Borealis by OMV
Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
No Keyword 11.03.2020
Vienna - Today, the Supervisory Board of OMV has approved the acquisition of an additional 39% share in Borealis AG (Borealis) from Mubadala for a purchase price of USD 4.68 bn, whereby OMV is entitled to all dividends in relation to such additional share in Borealis distributed after December 31, 2019. The signing is expected to take place during the course of tomorrow.
The implementation of the transaction is, inter alia, subject to approvals by authorities (such as merger control clearances). The transaction is anticipated to close until end of 2020.
Further inquiry note: OMV Aktiengesellschaft
Andreas Rinofner, Public Relations Tel.: +43 (1) 40 440-21357; e-mail: [email protected]
Florian Greger, Investor Relations Tel.: +43 (1) 40 440-21600; e-mail: [email protected]
end of announcement euro adhoc
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| OMV Aktiengesellschaft |
|---|
| Trabrennstraße 6-8 |
| A-1020 Wien |
| +43 1 40440/21600 |
| +43 1 40440/621600 |
| [email protected] |
| http://www.omv.com |
| AT0000743059 |
| ATX |
| stockmarkets: Wien |
| English |
Aussendung übermittelt durch euro adhoc The European Investor Relations Service