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OMV AG — M&A Activity 2023
Feb 27, 2023
751_iss_2023-02-27_c1eb6ce4-f59c-4de3-bbe8-e8894d0d488b.pdf
M&A Activity
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News-Service of the pressetext news agency Josefstädter Straße 44, 1080 Vienna, Austria, phone: +43 1 81140-0
Publication: 27.02.2023 18:40 Source: https://www.pressetext.com/news/20230227039 Keywords: mergers and acquisitions
Public disclosure of inside information according to article 17 MAR
OMV Aktiengesellschaft: OMV decides to initiate sales process to divest its E&P assets in the Asia-Pacific region
Vienna (pta/27.02.2023/18:40) -
Today, the Executive Board of OMV has decided to explore the possibilities of selling the E&P assets in the Asia-Pacific region and to initiate the related sales process for the potential divestment of its 50% stake in the issued share capital of SapuraOMV Upstream Sdn. Bhd. in Malaysia and 100% of the shares in OMV New Zealand Limited. A potential divestment aims at optimizing the E&P portfolio in line with the OMV Strategy 2030.
As part of the sales process, OMV, in coordination with competent regulators and governmental authorities, will invite potentially interested parties, in a first step, to submit expressions of interest and, in a second step, to submit binding offers. The sales process is expected to take place over the next months. A potential sale is still subject to the approval of the Supervisory Board of OMV and competent governmental authorities.
| Emitter: | OMV Aktiengesellschaft Trabrennstraße 6-8 1020 Wien Austria |
|---|---|
| Contact Person: | Thomas Hölzl |
| Phone: | +43 1 40440/23760 |
| E-Mail: | [email protected] |
| Website: | www.omv.com |
| ISIN(s): | AT0000743059 (Share) |
| Stock Exchange(s): | official trade in Vienna |
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