OMV sells 50% stake in Malaysian joint venture to TotalEnergies for $903M, including $350M loan repayment.

OMV and TotalEnergies have agreed on a deal in which OMV will sell its 50% stake in their Malaysian joint venture for $903 million. The deal also includes the repayment of an outstanding $350 million loan granted by OMV to the joint venture. The transaction is expected to close around the end of the second quarter.

January 31, 2024
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