A full list of OMV investments and changes in the consolidated group can be found in Note 38 – Direct and indirect investments of OMV Aktiengesellschaft. Major changes to the consolidated Group are described below.
Acquisitions – Business Combinations
During 2024, OMV finalized the acquisition of 100% of the shares in the following companies, for which the rules of IFRS 3 – Business Combinations have been applied. They have been fully consolidated in the Group’s financial statements:
- March 28, 2024: Integra Plastics AD (after acquisition renamed Integra Plastics EAD), which operates a modern advanced mechanical recycling plant built in 2019 with state-of-the-art equipment and an annual output capacity of more than 20 kt. Integra Plastics EAD has the ability to transform post-consumer waste into high-quality polyolefin recyclates suitable for demanding applications.
- May 31, 2024: Renovatio Asset Management S.R.L, which owns the largest charging network for electric vehicles in Romania.
- July 25, 2024: AP-NewCo GmbH (after acquisition renamed AP Truck Mobility GmbH), which owns a filling stations network in Austria.
- September 27, 2024: Intertrans Karla S.R.L., Bridgeconstruct S.R.L., and ATS Energy S.A., which owns 18 MW operational capacity of renewable energy assets consisting of wind power and hydropower plants.
Aggregated financial information for those acquisitions is displayed in the following table:
In EUR mn |
|
|---|---|
|
2024 |
Non-current assets |
89 |
Current assets |
34 |
Total assets |
123 |
Non-current liabilities |
16 |
Current liabilities |
42 |
Total liabilities |
58 |
Net assets acquired |
65 |
Total purchase price consideration |
167 |
Goodwill |
102 |
Consideration and fair value of the assets acquired and liabilities assumed for the above mentioned business combinations, with exception of AP-NewCo GmbH, are measured on a provisional basis. The goodwill of EUR 102 mn was mainly associated with the acquisition of AP-NewCo GmbH and primarily arises from expected synergies, leveraging refinery utilization and enhanced planning flexibility provided by AP filling stations as volume outlets.
Divestments
On December 9, 2024, OMV closed the transaction to sell its 50% share in the Malaysian SapuraOMV Upstream Sdn. Bhd. to TotalEnergies. The transaction led in 2024 to a gain of EUR 59 mn recognized in the line “Other operating income” in the Consolidated Income Statement in the Energy segment and included FX recycling effects.
Cash flow impact of changes in Group structure
In addition to the acquisitions accounted for as business combinations, the line “Acquisitions of subsidiaries and businesses, net of cash acquired” in the Consolidated Statement of Cash Flows contained the acquisitions of subsidiaries outside the scope of IFRS 3. In 2024, acquisitions outside the scope of IFRS 3 were mainly related to JR Constanta SRL, JR Solar Teleorman SRL and JR TELEORMAN SRL. See Note 38 – Direct and indirect investments of OMV Aktiengesellschaft for further details.
Cash flow from investing activities contained an inflow of EUR 766 mn related to the divestment of SapuraOMV Upstream Sdn. Bhd., consisting of EUR 886 mn consideration received less EUR 120 mn cash disposed.
Further details are presented in the following tables:
In EUR mn |
|
|---|---|
|
2024 |
Consideration paid |
–213 |
Less cash acquired |
14 |
Acquisitions of subsidiaries and businesses, net of cash acquired |
–199 |
In EUR mn |
|
|---|---|
|
2024 |
Consideration received |
934 |
Less cash disposed |
–120 |
Cash inflows from the sale of subsidiaries and businesses, net of cash disposed |
814 |
In EUR mn |
|
|---|---|
|
2024 |
Non-current assets |
1,500 |
Current assets |
236 |
Non-current liabilities |
407 |
Current liabilities |
151 |
Net assets |
1,178 |