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OMVKY Omv Ag Bearer (PK)

11.77
-0.0695 (-0.59%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Omv Ag Bearer (PK) USOTC:OMVKY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.0695 -0.59% 11.77 11.76 12.00 12.00 11.77 12.00 4,215 21:00:29

OMV, Gazprom Sign Agreement in Relation to Achimov 4A/5A Negotiation

06/03/2020 12:52pm

Dow Jones News


Omv Ag Bearer (PK) (USOTC:OMVKY)
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   By Giulia Petroni 
 

OMV AG said Friday that it has signed an agreement with Gazprom PJSC to extend the final phase of negotiations in regards to the Achimov stake until June 2022.

In October 2018, the Austrian oil-and-gas company signed an agreement for the potential acquisition of a 24.98% interest in the Achimov 4A/5A phase development for 905 million euros ($1.01 billion). The blocks are located in the Urengoy gas field in Western Siberia.

OMV said any significant development until the signing--particularly in relation to the effective date and purchase price--will be taken into account by the parties.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

March 06, 2020 07:37 ET (12:37 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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