REG - MDGH - GMTN B.V. - Disposal

OMV AGAnnouncement

26/03/2020 11:35

RNS Number : 7025H
  
MDGH - GMTN B.V.
  
26 March 2020
  
 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.
 
Mamoura Diversified Global Holding PJSC - Amendment to the share purchase agreement relating to the sale of majority shareholding in Borealis AG to OMV AG
 
Mubadala Petroleum and Petrochemicals Holding Company LLC, a subsidiary of Mamoura Diversified Global Holding PJSC (MDGH), has today entered into an amendment agreement to the share purchase agreement relating to its sale of an indirect interest in 39 per cent. of the share capital of Borealis AG to OMV Refining & Marketing GmbH (OMV), a subsidiary of OMV AG, for a total consideration of USD 4.68 billion. The amendment agreement provides for the purchase price to be paid by OMV in two tranches. The first tranche of USD 2.34 billion is payable at closing of the transaction and the second tranche of USD 2.34 billion is payable by no later than 31 December 2021, with a market interest rate from closing applying to the second tranche. However, OMV has the option to pay the second tranche in full or in part at closing of the transaction or following closing at the end of each month until 31 December 2021. The transaction is expected to close in Q4 2020 and is subject to regulatory approvals. Following completion, Mubadala Petroleum and Petrochemicals Holding Company LLC will retain a 25 per cent. interest in Borealis AG.
 
For further information, please contact:
 
Mamoura Diversified Global Holding PJSC
P.O. Box 45005, Abu Dhabi, United Arab Emirates
 



Telephone:


+971 2 413 0000




Fax:


+971 2 413 0001




Email:


ir@mubadala.ae (for investor relations queries) media@mubadala.ae (for media queries) 



 
This announcement is released by MDGH - GMTN B.V. and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to the Global Medium Term Note Programme established by MDGH - GMTN B.V. and unconditionally and irrevocably guaranteed by Mamoura Diversified Global Holding PJSC. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Abdulla Mubarak Abdulla Al Darmaki as director of MDGH - GMTN B.V. 
 


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