OMV AG announced the closing of a transaction with TotalEnergies, for the sale of its 50 percent stake in the Malaysian SapuraOMV Upstream Sdn Bhd. The overall cash consideration is USD 957 million. This amount includes the full repayment of the outstanding shareholder loan of USD 350 million granted by OMV to SapuraOMV, as well as the net working capital and other elements including interest on the purchase price.

The economic effective date of the transaction is December 31, 2022.

About OMV Aktiengesellschaft

At OMV, we are re-inventing essentials for sustainable living. OMV is transitioning to become an integrated sustainable chemicals, fuels and energy company with a focus on circular economy solutions. By gradually switching over to a low-carbon business, OMV is striving to achieve net zero by 2050 at the latest. The company achieved revenues of EUR 39 billion in 2023 with a diverse and talented workforce of around 20,600 employees worldwide. OMV shares are traded on the Vienna Stock Exchange (OMV) and as American Depository Receipts (OMVKY) in the U.S.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.