TotalEnergies Signs Agreement For Acquisition Of OMV's Upstream Gas Assets In Malaysia; For Consideration Of $903M That Includes Transfer Of $350M Loan
Portfolio Pulse from Benzinga Newsdesk
TotalEnergies has signed an agreement to acquire OMV's upstream gas assets in Malaysia for a total consideration of $903 million, which includes the transfer of a $350 million loan. This strategic acquisition will enhance TotalEnergies' portfolio in the region.
January 31, 2024 | 2:14 pm
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TotalEnergies' acquisition of OMV's gas assets in Malaysia for $903M, including a $350M loan transfer, is likely to strengthen its position in the Asian market and enhance its asset portfolio.
The acquisition of OMV's upstream gas assets is a significant strategic move for TotalEnergies, likely to be viewed positively by investors as it expands the company's asset base and presence in Asia. The financial impact is substantial, and the deal is expected to contribute to TotalEnergies' growth in the region, which may lead to a positive short term impact on the stock price.
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