27.01.2019, 1946 Zeichen

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.
Mergers - Acquisitions - Takeovers 27.01.2019
Vienna - Today, OMV and Abu Dhabi National Oil Company (ADNOC) have signed an agreement for the acquisition of a 15% share in Abu Dhabi Oil Refining Company (ADNOC Refining) and a 15% share in a to-be-established trading joint venture. The estimated purchase price for OMV amounts to approximately USD 2.5 bn based on 2018 year end net debt. The final purchase price is dependent on the net debt as of closing and certain working capital adjustments. Pursuant to the agreement, the enterprise value for 15% amounts to approximately USD 2.9 bn.
The transaction at hand will grant OMV a stake in a refinery hub in Abu Dhabi with integrated petrochemicals consisting of Ruwais East, Ruwais West and Abu Dhabi Refinery with a 922,000 barrels/day total capacity. The to-be-established trading joint venture will allow OMV to participate in netback optimized export sales and international trading activities. The transaction will be accretive to OMV's earnings per share from the first year onwards. A financial framework to achieve self-funded growth, paired with an attractive dividend policy, has been agreed.
The implementation of the transaction is subject to conditions precedent, such as merger control clearances. The transaction is anticipated to close in Q 3 2019.
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 ISIN: AT0000743059 indexes: ATX stockmarkets: Wien language: English
Digital press kit: http://www.ots.at/pressemappe/145/aom

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1. OMV und ADNOC unterzeichneten Upstream Konzessionsabkommen, (von rechts nach links) Seine Exzellenz Dr. Sultan Ahmed Al Jaber, Staatsminister der Vereinigten Arabischen Emirate und CEO der ADNOC Group sowie Dr. Rainer Seele, Vorstandsvorsitzender und Generaldirektor der OMV; Credit: ADNOC , (© Aussendung)   >> Öffnen auf photaq.com

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