Austrian oil and gas company OMV has agreed to sell its 50% in stake in the Malaysian-headquartered SapuraOMV to French energy group TotalEnergies, OMV said in a statement.
TotalEnergies is to pay $903 million for OMV’s stake, the company added.
The transaction is expected to close towards the end of the second quarter of 2024, according to the statement.
Source: Reuters.com