Sapura Energy Berhad (5218.KL)

Mubadala, Inpex among suitors for Malaysia's SapuraOMV in $1.2-bln deal -sources

Abu Dhabi state fund Mubadala Investment and Japanese oil and gas explorer Inpex are among firms competing to acquire SapuraOMV in a deal expected to be worth about $1.2 billion, according to two sources with direct knowledge. The sale of the Malaysian-headquartered oil and gas upstream company could help boost weak global merger and acquisition (M&A) activity buffeted by headwinds from a slowing world economy, higher interest rates and geopolitical tension. Indonesian energy company Medco Energi is also vying for SapuraOMV, an equal joint venture of Sapura Energy and Austria's OMV, with bids due this week, the sources added.