VOL. XLVI
No 4
27-January-2003
GENERAL
OMV Announces Purchase Of Preussags International E&P Portfolio
Austrias oil and gas group OMV announced on 22 January that as of 1 January it had acquired the entire international E&P portfolio of Preussag Energie, a wholly-owned subsidiary of TUI AG for around 300mn. TUI, the tourism group with holdings in the energy industry, made the sale with the intention to withdraw from the oil and gas business. The sale will be financed by cash flow and bank...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!