OMV Acquires Statoil's North Sea Assets For $2.65 Billion – ValueWalk Premium

OMV Acquires Statoil's North Sea Assets For $2.65 Billion

OMV AG (ADR) (OTCMKTS:OMVKY) (ETR:OMV) (FRA:OMV) announced this morning that it has acquired the North Sea assets of the Norwegian company Statoil ASA (NYSE:STO) for USD $2.65 billion. The company claims that this transaction will materially enhance OMV’s upstream portfolio.

OMV to acquire 24 percent stakes in Gudrun field

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