OMV has reached an agreement with TotalEnergies Holdings SAS (TotalEnergies) for the sale of its 50% stake in the issued share capital of SapuraOMV Upstream Sdn. Bhd. (“SapuraOMV”) in Malaysia. The signing of the relevant transaction documentation is expected to take place during the course of today.

The overall cash consideration amounts to USD 903 mn. This amount includes the full repayment of the outstanding USD 350 million shareholder loan granted by OMV to SapuraOMV as well as net working capital and other elements with the consideration being subject to closing adjustments (Economic Effective Date December 31, 2022).

The implementation of the transaction is, inter alia, subject to certain partner consents as well as governmental and regulatory approvals. The transaction is anticipated to close around end of Q2 2024.

About OMV Aktiengesellschaft

At OMV, we are re-inventing essentials for sustainable living. OMV is transitioning to become a leading sustainable fuels, chemicals and materials company with a focus on circular economy solutions, while operating today across three integrated business segments of Energy, Fuels & Feedstock, and Chemicals & Materials. By gradually switching over to low-carbon businesses, OMV is striving to achieve net zero by latest 2050. The company achieved revenues of EUR 62 billion in 2022 with a diverse and talented workforce of around 22,300 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 broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.