KEYFACT Energy
OMV has decided to enter – within the framework of the ongoing competitive bidder process conducted by OMV – into negotiations with interested bidders on the commercial terms and the contractual documentation for the potential sale of 50% of the shares in SapuraOMV Upstream Sdn. Bhd. ('SapuraOMV'). In the event of a sale, OMV expects, based on the offers received by such bidders so far, a total consideration in the high three-digit million (USD) range.
Furthermore, the Executive Board of OMV has decided to continue the ongoing sales process for 100% of the shares in OMV New Zealand Limited ('OMV NZL') separately, as there was limited interest in a combined deal.
KeyFacts Energy: Acquisitions & Mergers news