ENI / OMV $5.8 billion acquisition of 35% stake in Adnoc

28/1/2019
Joint venture, Private acquisition

$ 5.8 billion

Announced

28/1/2019


Overview:

  • Eni and OMV have reached an agreement to acquire 35% of Adnoc Refining for around $5.8 billion.
  • Italian energy company Eni will pay around $3.3 billion for a 20% stake and Austrian energy company OMV will pay around $2.5 billion for a 15% stake.
  • The deal also involves the creation of a joint trading venture between the three partners.

Ben Naylor - Editor 

 

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