Sponsored
Article Tools

OMV Closes Acquisition of Pioneer’s Subsidiaries in Tunisia

Published: February 19, 2011; 00:10 · (Vindobona)

OMV paid $ 800m plus $ 39.3m working capital and remains committed to maintaining a strong investment grade

OMV Closes Acquisition of Pioneer’s Subsidiaries in Tunisia / Picture: © Flickr

Today, OMV, through its fully owned subsidiary OMV (Tunesien) Production GmbH, completed the acquisition of 100% of the entire issued share capital of Pioneer Natural Resources Tunisia Ltd. and Pioneer Natural Resources Anaguid Ltd. (together “Pioneer Tunisia”) from Pioneer Natural Resources, an independent US oil and gas company. The transaction was aligned with the Tunisian…

This article includes a total of 554 words.

or Log In