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 to create Dhs220+ billion global chemicals powerhouse
ADNOC and Austria’s OMV have announced today that they will merge their shareholdings in Borouge plc and Borealis AG to create Borouge Group International.
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.
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 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
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,
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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 ...