All Stories
Follow
Subscribe to OMV Aktiengesellschaft

OMV Aktiengesellschaft

EANS-Adhoc: OMV Aktiengesellschaft
OMV has reached an agreement with Uniper for the acquisition of 24.99% of the economic rights in the production of the Yuzhno Russkoye field in Western Siberia for a purchase price of USD 1,850 mn (EUR 1,749 mn)

--------------------------------------------------------------------------------
  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is solely responsible for the content of this announcement.
--------------------------------------------------------------------------------
Mergers - Acquisitions - Takeovers/Austria/Russia/Gas 05.03.3017
05.03.2017


Today, OMV has reached an agreement with Uniper SE for the acquisition of shares
in two Russian companies (OJSC Severneftegazprom and JSC Gazprom YRGM
Development) for a purchase price USD 1,850 million (approx. EUR 1,749 million
based on an agreed exchange rate of EUR 1 = USD 1.0575)  plus cash on balance
sheet per December 31, 2016. The transaction provides for OMV receiving 24.99%
of the economic rights in the production of the Yuzhno Russkoye field in Western
Siberia.
The execution and implementation of the transaction has already been approved by
the Supervisory Board of OMV. The transaction is still subject to signing of the
relevant transaction documentation by the parties. The signing is expected to
take place during the course of today.
The Yuzhno Russkoye field is one of the largest gas fields in Russia, situated
in the Yamal-Nenets region. OMV's share of the remaining recoverable reserves
during the license term (lasting until the end of the year 2043) amounts to
approximately 580 mn barrels of oil equivalents ("boe"). OMV's share of the
daily production is estimated to be 100,000 boe/day. The capital expenditures
(CAPEX) are expected toamountto USD 20 mn per year until license expiry.
The implementation of the transaction is subject to further conditions,
including co-shareholder consent as well as merger control and foreign
investment control clearance in Russia. The transaction is anticipated to close
by year end and will be retroactively effective as of January 1, 2017.


Further inquiry note:
OMV
Magdalena Moll, Investor Relations
Tel.: +43 (1) 40 440-23056; e-mail:  investor.relations@omv.com
Robert Lechner, Media Relations
Tel.: +43 (1) 40 440-21472; e-mail:  robert.lechner@omv.com

end of announcement                               euro adhoc 
--------------------------------------------------------------------------------


issuer:      OMV Aktiengesellschaft
             Trabrennstraße  6-8
             A-1020 Wien
phone:       +43 1 40440/21600
FAX:         +43 1 40440/621600
mail:         investor.relations@omv.com
WWW:         http://www.omv.com
sector:      Oil & Gas - Downstream activities
ISIN:        AT0000743059
indexes:     ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English

Original content of: OMV Aktiengesellschaft, transmitted by news aktuell

More stories: OMV Aktiengesellschaft
More stories: OMV Aktiengesellschaft