OMV ad hoc announcement: Sales process to divest OMV’s E&P business in New Zealand is not further pursued

Dec 17, 2024

1 min read

Public disclosure of inside information according to Art 17 MAR

Today, the Executive Board of OMV has decided that OMV will no longer pursue the sales process for 100% of its shares in OMV New Zealand Limited. OMV New Zealand Limited will remain part of the E&P portfolio of OMV. 

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It is our purpose to re-invent essentials for sustainable living. OMV is transitioning to become an integrated sustainable chemicals, fuels and energy company with a focus on circular economy solutions. By gradually switching over to the low carbon business, OMV is striving to achieve net zero by 2050 at the latest. In 2024, the company generated revenues of 34 billion euros with a diverse and talented workforce of around 23,600 employees worldwide. OMV shares are traded on the Vienna Stock Exchange (OMV) and in the US as American Depository Receipts (OMVKY). For more information, please visit www.omv.com