EANS-Adhoc: OMV Aktiengesellschaft OMV Supervisory Board approves acquisition of an additional 39% share in Borealis by OMV
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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 responsible for the content of this announcement.
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11.03.2020
Vienna - Today, the Supervisory Board of OMV has approved the acquisition of an
additional 39% share in Borealis AG (Borealis) from Mubadala for a purchase
price of USD 4.68 bn, whereby OMV is entitled to all dividends in relation to
such additional share in Borealis distributed after December 31, 2019. The
signing is expected to take place during the course of tomorrow.
The implementation of the transaction is, inter alia, subject to approvals by
authorities (such as merger control clearances). The transaction is anticipated
to close until end of 2020.
Further inquiry note:
OMV Aktiengesellschaft
Andreas Rinofner, Public Relations
Tel.: +43 (1) 40 440-21357; e-mail: public.relations@omv.com
Florian Greger, Investor Relations
Tel.: +43 (1) 40 440-21600; e-mail: investor.relations@omv.com
end of announcement euro adhoc
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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
ISIN: AT0000743059
indexes: ATX
stockmarkets: Wien
language: English