Alle Storys
Folgen
Keine Story von OMV Aktiengesellschaft mehr verpassen.

OMV Aktiengesellschaft

euro adhoc: OMV Aktiengesellschaft
Mergers - Acquisitions - Takeovers
OMV and IPIC acquire 100% of Borealis, Europe´s second largest manufacturer of plastics

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
30.06.2005
- OMV´s stake increases from 25% to 35%, IPIC´s stake from 25% to 65%
- Strengthening of OMV´s value chain, from crude oil distillation to
the production of plastics - Upgrading of strong position in
petrochemicals in Europe and the Middle East in view of future
markets in China - Deepening of the partnership with the key
shareholder IPIC
OMV Aktiengesellschaft, Central Europe’s leading oil and gas group,
has acquired the 10% stake in Borealis held by the Norwegian oil and
gas company Statoil. Borealis is a leading global producer of
plastics. In 2004 the company achieved sales of EUR 4.6 bn, with
about 4,500 employees; in Austria its sales were approximately EUR 1
bn. OMV now has a 35% stake in Borealis. At the same time, the
International Petroleum Investment Company (IPIC) from Abu Dhabi, one
of the key shareholders of OMV, increased its stake in Borealis from
25% to 65%. In the future, IPIC and OMV will together own 100% of the
plastics producer. The contracts were signed on June 30, 2005. OMV
Deputy CEO Gerhard Roiss will take over as Chairman of the
Supervisory Board of Borealis from Statoil for the current period.
The purchase price for Statoil’s 50% stake was EUR 920 mn, of which
OMV pays EUR 184 mn for its 10% stake. Borealis will make a dividend
payment of EUR 80 mn to Statoil for 2005. The transaction is subject
to the approval of competition authorities. The closing is expected
to take place during the fourth quarter 2005.
end of announcement                               euro adhoc 30.06.2005 08:00:00

Further inquiry note:

OMV
Investor Relations:
Ana-Barbara Kuncic
Tel. +43 1 40 440-21443; e-mail: investor.relations@omv.com
Press:
Bettina Gneisz-Al-Ani
Tel. +43 1 40 440-21660; e-mail: bettina.gneisz@omv.com
Thomas Huemer
Tel. +43 1 40 440-21660; e-mail: thomas.huemer@omv.com

Internet Homepage: http://www.omv.com

Branche: Oil & Gas - Downstream activities
ISIN: AT0000743059
WKN:
Börsen: London Stock Exchange
Frankfurter Wertpapierbörse
Bayerische Börse
Wiener Börse AG

Original-Content von: OMV Aktiengesellschaft, übermittelt durch news aktuell

Weitere Storys: OMV Aktiengesellschaft
Weitere Storys: OMV Aktiengesellschaft