OMV AG would acquire 50% of Sapura Upstream Sdn. Bhd. under a heads of agreement it has entered with parent Sapura Energy Bhd., Seri Kembangan, Malaysia, to form a strategic partnership. The proposed transaction has an enterprise value of $1.6 billion, according to Sapura Energy, an integrated oil and gas services provider and sole owner of Sapura Upstream.

Source: News