OMV to make Q4 value adjustments of about EUR1.7 bn

OMV to make Q4 value adjustments of about EUR1.7 bn
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17.01.2022

MOSCOW (MRC) -- OMV is to make Q4 2021 cash-neutral writedowns and value adjustments of around EUR1.7bn (USD1.95bn), said the company.The group said the adjustments related to exploration and production, the fertiliser business of wholly-owned subsidiary Borealis and the fixed assets of Abu Dhabi National Oil Company's (ADNOC's) refining unit. OMV holds a 15% stake in the unit. Fertiliser

Full article at mrcplast.com

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