OMV sells its stake in SapuraOMV to Total Energies

Industry:    10 months ago

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.

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