PTA-Adhoc: OMV Aktiengesellschaft: OMV no longer pursues investments in Russia and reviews possibilities to divest or exit from Yuzhno Russkoye

3/5, 7:06 PM (Source: pressetext)

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Vienna (pta005/05.03.2022/19:06) - Today, the Executive Board of OMV has taken the decision not to pursue any future investments in Russia. Russia is no longer considered as one of the core regions in OMV’s Exploration & Production portfolio. Furthermore, a strategic review of its economic 24.99% interest in Yuzhno Russkoye gas field will be initiated. This review comprises all options including possibilities to divest or exit.

Public disclosure of inside information according to article 17 MAR

Vienna (pta005/05.03.2022/19:06) - Today, the Executive Board of OMV has taken the decision not to pursue any future investments in Russia. Russia is no longer considered as one of the core regions in OMV’s Exploration & Production portfolio. Furthermore, a strategic review of its economic 24.99% interest in Yuzhno Russkoye gas field will be initiated. This review comprises all options including possibilities to divest or exit.

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emitter: OMV Aktiengesellschaft
address: Trabrennstraße 6-8, 1020 Wien
country: Austria
contact person: Thomas Hölzl
phone: +43 1 40440/23760
e-mail: compliance@omv.com
website: www.omv.com

ISIN(s): AT0000743059 (share)
stock exchanges: official trade in Vienna

[ source: http://www.pressetext.com/news/20220305005 ]