Abu Dhabi state fund Mubadala Investment and Japanese oil and gas explorer Inpex are among firms competing to acquire SapuraOMV in a deal expected to be worth about $1.2 billion, according to sources, Reuters reports.
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OMV announced in February 2023 its decision to explore the possibilities of selling E&P assets in the Asia-Pacific region and to initiate the related sales process for the potential divestment of its 50% stake in the issued share capital of SapuraOMV Upstream in Malaysia as part of its aims at optimizing the E&P portfolio in line with the OMV Strategy 2030.
Source: OMV
