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OMV AG (OMVV.VI)

OMVV.VI on Vienna Stock Exchange

55.50EUR
17 Jan 2018
Change (% chg)

€0.44 (+0.80%)
Prev Close
€55.06
Open
€55.00
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€55.98
Day's Low
€54.74
Volume
355,274
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308,436
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€56.32
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€31.20

Latest Key Developments (Source: Significant Developments)

Romania's OMV Petrom says appoints new CEO
Tuesday, 9 Jan 2018 

BUCHAREST, Jan 9 (Reuters) - Romania's oil and gas company OMV Petrom says: :* Supervisory Board of OMV Petrom S.A. appointed Christina Verchere, 46 as the new President of the Executive Board and Chief Executive Officer (CEO) of OMV Petrom. .* Says the appointment has been made for the remaining term of the mandate granted to Mariana Gheorghe, until April 16, 2019..* Says Verchere accepted her appointment and will assume the position at the latest with effect from May 21, 2018..* Says that prior to the Supervisory Board meeting today, Mariana Gheorghe waived her mandate as President of the Executive Board and CEO..  Full Article

Oil price at which OMV will break even is lower this year than last
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - OMV ::SPOKESWOMAN SAYS OIL PRICE AT WHICH IT WILL BREAK EVEN AT FREE CASH FLOW LEVEL WILL BE LOWER THIS YEAR THAN 2016'S $35 A BARREL.  Full Article

OMV Says One Person Killed And 21 Injured In Baumgarten Incident‍​
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - OMV AG ::ONE PERSON WAS KILLED AND 21 PEOPLE INJURED IN BAUMGARTEN INCIDENT‍​.GAS SUPPLY IN AUSTRIA IS CURRENTLY SECURE.FACILITY HAS BEEN SHUT DOWN ON SAFETY GROUNDS AND THE AUTHORITIES HAVE STARTED THEIR INVESTIGATIONS.  Full Article

Omv completes acquisition of Yuzhno Russkoye field stake from Uniper
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Omv Ag ::OMV SAYS OMV COMPLETES ACQUISITION OF 24.99% INTEREST IN THE YUZHNO RUSSKOYE GAS FIELD FROM UNIPER.OMV SAYS THE PURCHASE PRICE PAID BY OMV TO UNIPER AMOUNTS TO EUR 1,719 MN AND INCLUDES CUSTOMARY CLOSING ADJUSTMENTS. THE TRANSACTION TAKES RETROACTIVE ECONOMIC EFFECT AS OF JANUARY 1, 2017 AND WAS LARGELY FUNDED OUT OF PROCEEDS GENERATED FROM DISPOSALS.OMV SAYS WITH THIS ACQUISITION OMV GETS ADDITIONAL RECOVERABLE RESERVES OF 580 MN BOE. MOREOVER, OUR PRODUCTION COSTS WILL BE FURTHER DECREASED.OMV SAYS OUR STAKE IN YUZHNO RUSSKOYE ADDS 100,000 BOE/D TO OMV´S PRODUCTION. THIS BOOSTS OMV´S TOTAL PRODUCTION TO MORE THAN 430,000 BOE/D.  Full Article

OMV is strategic partner of IONITY‍​
Friday, 17 Nov 2017 

Nov 17 (Reuters) - OMV AG :IS STRATEGIC PARTNER OF IONITY‍​.IS STRATEGIC FILLING STATION NETWORK PARTNER FOR THE COUNTRIES AUSTRIA, CZECH REPUBLIC, HUNGARY AND SLOVENIA.  Full Article

OMV has transferred around 280 mln eur to Nord Stream 2 -CEO
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Omv Ag :OMV CEO says targets production cost of $7 per barrel after russian transactions closed.OMV CEO says will have major maintenance shutdown at Romanian refinery in spring 2018.OMV CEO says we are not stopping cost reducitions, new update early 2018.OMV CEO says there might be impact of U.S. sanctions on project financing of Nord Stream 2.OMV CEO says we have transferred around 280 million eur to Nord Stream 2.OMV CEO says expects 2018 output to be around 430k boe/d.  Full Article

Romania's OMV Petrom Q3 net profit up 35.1 pct
Thursday, 9 Nov 2017 

BUCHAREST, Nov 9 (Reuters) - Romania's top oil and gas firm OMV Petrom , controlled by Austria's OMV :* Says posts a 35.1 percent rise in third-quarter net profit attributable to shareholders to 639 million lei ($160.52 million), compared with 592 million lei in April-June and 473 million in the third quarter of last year..* Analysts expected it to report a third-quarter net profit of 766 million lei. nL5N1NE6TX.* Says expects 2017 invesmtnet to be below 0.7 billion euros, and maintains guidance for daily average production to decline. .* Says earnings per share stood at 0.0113 lei..* Says sales excluding petroleum excise tax rose 10 percent on the year to 5.03 billion lei in the third quarter supported by higher oil and natural gas prices, increased petroleum product sales volumes, partially offset by lower sales volumes of natural gas and electricity..* For the year 2017, OMV Petrom expects the average Brent oil price to be at $52/bbl (previous forecast: $52/bbl). Brent-Urals spread anticipated to decrease on the year..* Says expects increased demand for gas and fuels and a slight increase for power versus 2016 in Romania. .* Says free-float increased to 18.35 percent as a result of the sale of a 2.56 percent stake by Fondul Proprietatea. .  Full Article

Romanian OMV Petrom sells wind park for 23 mln euros
Thursday, 20 Jul 2017 

July 20 (Reuters) - Romania's top oil and gas firm OMV Petrom , controlled by Austria's OMV :Says it has sold its Dorobantu wind park to Dutch-registered Transeastern Power B.V. for 23 million euros ($26.74 million)..Says transaction subject to approval from the Competition Council, estimated to come in by year-end..Says sale is part of Petrom strategy to focus on core operations..Says first announced plans to sell windpark in early 2016..Dorobantu wind park comprises of 15 Vestas V-90 turbines, each with a capacity of 3 MW. .Says wind park produced 0.08 Twh of electricity in 2016, for which it received 128,000 green certificates, as part of Romania's support scheme for renewable energy producers, half of which will be elligible for sale from Jan. 2018. .  Full Article

OMV signs the sale of 49% minority stake in Gas Connect Austria to consortium of Allianz and Snam
Thursday, 22 Sep 2016 

Allianz Capital Partners: OMV signs the sale of 49% minority stake in Gas Connect Austria to the consortium of Allianz and Snam .Omv Gas & Power GmbH (OGP) and the consortium composed of Allianz, and Snam S.p.a. signed an agreement for the sale and purchase of a 49% minority stake in Gas Connect Austria GmbH (gca).  Full Article

Allianz to own 60 pct of GCA stake vehicle, Snam 40 pct -OMV
Thursday, 22 Sep 2016 

: OMV says 49 percent Gas Connect Austria stake to be acquired by company in which Allianz holds 60 percent, Snam 40 percent Further company coverage: [nV9N15C015] (Reporting By Shadia Nasralla) ((Shadia.Nasralla@thomsonreuters.com;)).  Full Article

EU mergers and takeovers (Dec 1)

BRUSSELS, Dec 1 The following are mergers under review by the European Commission and a brief guide to the EU merger process: