EANS-Adhoc: OMV Aktiengesellschaft / OMV acquires from ADNOC a 15% share in ADNOC Refining and a 15% share in a to-be-established trading joint venture

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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.
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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.

Further inquiry note:
OMV Aktiengesellschaft

Andreas Rinofner, Public Relations
Tel.: +43 (1) 40 440-21427; e-mail: public.relations@omv.com

Florian Greger, Investor Relations
Tel.: +43 (1) 40 440-22421; e-mail: investor.relations@omv.com

end of announcement euro adhoc
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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

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