Sapura Energy to divest stake in SapuraOMV to TotalEnergies for RM3.37bil

PETALING JAYA: Sapura Energy Bhd’s wholly-owned subsidiary, Sapura Upstream Assets Sdn Bhd, is divesting its 50% equity interest in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS for RM3.37bil.

Under the terms of the agreement, Sapura Energy said in a filing with Bursa Malaysia that the acquisition is subject to regulatory approvals and customary closing adjustments.