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TotalEnergies Signed Agreement To Acquire 50% Stake In SapuraOMV Upstream For $530M, Deal To Close In H2 2024

Author: Charles Gross | April 22, 2024 06:35am

TotalEnergies (PARIS:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $530 million, subject to closing adjustments. Closing is expected in the second half of 2024.

This agreement follows a first agreement signed with OMV on January 31st, 2024, for the acquisition of its 50% interest in SapuraOMV.

Posted In: PARIS:TTE TTE


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