OMV, ADNOC

ADNOC and OMV to merge petrochemical firms to create $60 billion giant
By Gursimran Mehar, Yousef Saba, Federico Maccioni and Abinaya V(Reuters) -Abu Dhabi National Oil Company and Austria's OMV will merge their polyolefin businesses to create a chemicals powerhouse with a $60 billion enterprise value,
Adnoc, OMV Reach Deal to Form $60 Billion Petrochemical Giant
Abu Dhabi’s Adnoc and Austria’s OMV reached an agreement to combine their petrochemical businesses and subsequently acquire Canada’s Nova Chemicals to form a giant with a combined value of about $60 billion.
ADNOC and OMV to create $60bn chemical powerhouse Borouge Group International
Borouge and Borealis combine to form $60bn Borouge Group International with polyolefins capacity of appx 13.6mn tons per annum; New entity to acquire Nova Chemicals for $13.4bn
OMV, Adnoc to merge Borealis and Borouge, buy Nova Chemicals
Nova is one of North America’s largest polyethylene (PE) resin makers, and is wholly owned by Mubadala Investment Co., a state-owned investment group based in Abu Dhabi. Nova has resin production facilities in Joffre, Alta.; Sarnia, Ont.; Geismar, La.; and a new film recycling plant in Connersville, Ind.
Adnoc, OMV to Combine Borouge, Borealis to Form Petrochemicals Giant
Adnoc and OMV will create Borouge Group International through an all-share combination of Borouge and Borealis, the companies said Tuesday. OMV will inject 1.6 billion euros ($1.68 billion) in cash into the business to put its shareholding on par with Adnoc, they said.
UAE’s ADNOC, Austria’s OMV merge businesses to create $60B plastics firm
Following the acquisition, the new firm, called Borouge Group International (BGI), will be the world’s fourth-largest polyofin company, said ADNOC and OMV.
ADNOC and OMV to create $60+ billion global colyolefins champion
Combination of Borouge and Borealis to create Borouge Group International, with new entity to acquire Nova Chemicals for $13.4 billion, establishing the world’s fourth-largest polyolefins player
UAE’s Adnoc Targets More Chemicals Growth After Mega OMV Deal
The $60 billion company formed by the merger of Adnoc and OMV AG’s chemical units is targeting a more than 50% boost in profits, and remains open for further deals or building new plants.Most Read fro
ADNOC, OMV to merge petrochemical firms to create $60B giant
Top Emirati and Austrian oil companies, Abu Dhabi National Oil Company (ADNOC) and OMV will merge their polyolefin businesses to create a chemicals
Adnoc and OMV announce deal to combine petrochemical assets
Adnoc and OMV said Borouge Group International, which they valued at $60bn plus, would be the fourth-largest polyolefins player. As the world’s appetite for gasoline and diesel begins to be eroded by the rise of electric vehicles,
Adnoc and OMV will create a $60 billion chemicals joint venture
Austria's OMV and Abu Dhabi's National Oil Company will create a $60 billion chemicals joint venture after two years of talks.
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ADNOC to create $60bln global chemicals powerhouse: Borouge Group International
Borouge Group International will be jointly owned and controlled by ADNOC and OMV, with headquarters in Vienna and Abu Dhabi ...
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Adnoc teams up with European energy player to create $60 billion global giant
Adnoc and OMV have agreed on the terms of a binding framework agreement regarding the proposed combination of shareholdings ...
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Borouge and Borealis merger to create $60bn polyolefins leader
UAE's Adnoc and Austria’s OMV have announced merger of their shareholdings in Borouge and Borealis AG to create Borouge Group ...