OMV sells UK unit for $1 Bn

摘要

Austria's OMV has agreed to sell 100% of the shares in its wholly owned subsidiary OMV UK to Siccar Point Energy for up to US $1 Bn. The transaction consists of a firm payment of $750m and a contingent payment related to the Rosebank field Final Investment Decision of an amount of up to $125m. In addition, the parties agreed on a purchase price adjustment with respect to capex to the effective date of 1 January 2016. This results in a further consideration to the amount of around $125m.