Borouge Group will combine two joint ventures - Borealis, 75% owned by OMV and 25% by ADNOC, and Borouge, 54% owned by ADNOC ...

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 ...

NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- OMV (VIE:OMV), based in Vienna, focused on oil, gas, and chemicals, today announced that Oana Goje, Deputy Head of Investor Relations, will present live at ...

Adnoc and OMV have plans to combine Borouge and Borealis to establish a new firm, Borouge Group International. The newly ...

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 ...

Bloomberg first reported in July 2023 that Austria-based OMV and Abu Dhabi’s Adnoc were in talks about merging the units. But wrangling over cash contributions and where the company would be ...

ADNOC and OMV have also agreed that upon completion of the Combination, Borouge Group International will acquire Nova for $13.4 billion including debt, further expanding its footprint in North America ...

OMV and ADNOC agreed on the key terms of the potential consolidation of their polyolefin businesses and the subsequent acquisition of NOVA Chemicals under the new JV. Image by XXLPhoto via iStock ...

OMV, ADNOC to merge polyolefins businesses Borouge and Borealis New entity, ‍Borouge Group International, will acquire Nova Chemicals for $13.4 billion ADNOC and OMV to have equal share in ...

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 ...