Abu Dhabi’s state-owned energy company Adnoc has agreed to terms of a binding agreement with Austria’s OMV to merge their polyolefins business and create a $60 billion global champion. Under the ...

OMV will inject 1.6 billion euros ($1.68 billion) in cash into the new company, which will be listed in Abu Dhabi. The injection, which will be adjusted by dividends paid out until completion ...

Abu Dhabi National Oil Co. (ADNOC) and Austrian energy and chemicals producer OMV are merging some petrochemicals and plastics units to form Borouge Group, a company valued at more than $60 billion.

Abu Dhabi's Adnoc and Austria's OMV reached an agreement to combine their shareholdings in Borouge and Borealis and subsequently acquire Nova Chemicals for $13.4 billion--including debt--to form a ...

March 4, 2025 ADNOC and OMV to merge petrochemical firms to create $60 billion giant Abu Dhabi National Oil Company and Austria's OMV will merge their polyolefin businesses to create a chemicals ...

Image by XXLPhoto via iStock OMV AG and Abu Dhabi National Oil Co. PJSC (ADNOC) on Tuesday signed an agreement to consolidate their polyolefin businesses, with ADNOC also agreeing to acquire NOVA ...

Austria’s OMV and Abu Dhabi’s ADNOC have struck a deal to combine their polyolefins business, creating a $60-billion major in the space, ADNOC said in a statement. The new company will be the ...

The Abu Dhabi petrochemical company also seeks shareholders’ approval for final 2024 dividends of AED0.794 fils per share ...

Abu Dhabi National Oil Co. and Austria's OMV will merge their polyolefin businesses to create a chemicals powerhouse with a $60 billion enterprise value, as the Gulf state oil company advances an ...

OMV shares rose as much as 4% before paring gains. The merged entity will also acquire Canada's Nova Chemicals Corp from Abu Dhabi sovereign wealth fund Mubadala for $13.4 billion, including debt ...