[ad_1]
The OMV logo is visible at a petrol station in Vienna, Austria on June 12, 2018. REUTERS / Heinz-Peter Bader / Photo File
ZURICH (Reuters) – The Austrian OMV will pay about 2.5 billion USD in an agreement with the national oil company of Abu Dhabi (ADNOC), regarding the acquisition of a stake in 15% in ADNOC Refining and the creation of a new joint venture in the trade sector
The final price depends on the net debt at the closing date of the transaction and working capital adjustments, the statement said.
The company's value for 15% was about $ 2.9 billion, he added.
Michael Shields report; edited by John Stonestreet
Our standards:The principles of Thomson Reuters Trust.
Source link
