6 days ago · OMV and ADNOC contemplate, subject to respective agreements with Mubadala, a possible acquisition of Nova Chemicals (by the future potential joint venture company as a first growth opportunity) as part of OMV's and ADNOC's negotiations on a potential cooperation with respect to their polyolefins businesses. Such cooperation would include a ...

3 days ago · UAE’s Adnoc Aims to Buy Nova Chemicals, Roll Into Deal With OMV. Adnoc, OMV eye $30 billion merger of Borouge, Borealis units; Nova Chemicals would be included in firm created from merger

2 days ago · ADNOC is pushing ahead with creating 'new global polyoelfins group'

3 days ago · Adnoc and OMV aim to acquire Nova Chemicals and integrate it into the newly formed entity resulting from the Borouge-Borealis merger. If the talks succeed, the creation of a new chemicals entity incorporating Nova Chemicals would cement Adnoc and OMV’s positions as formidable players in the global chemicals market. With an estimated valuation ...

Jan 22, 2025 · Abu Dhabi National Oil Company (ADNOC) P.J.S.C. (“ADNOC”) confirms that negotiations with OMV AG (“OMV”) about the potential creation of a new global polyolefins group, through the proposed combination of their existing shareholdings in Borouge plc (“Borouge”) and Borealis AG (“Borealis”) are ongoing in a constructive and positive manner, while contemplating the acquisition of ...

4 days ago · Adnoc and OMV said in separate statements that they would then roll Nova Chemicals into a combined entity created from the merger of their two other businesses. Adnoc and OMV have been in talks for at least 18 months to combine UAE-listed Borouge Plc with European chemicals producer Borealis AG and create a player in the polyolefin industry.

5 days ago · Austria's OMV and Abu Dhabi National Oil Company (ADNOC) said on Friday they are considering a joint venture to acquire Canada's Nova Chemicals if its owner, the Abu Dhabi sovereign wealth fund ...

4 days ago · The proposed merged entity will try to acquire Canada’s Nova Chemicals from Mubadala Investment Company as its first growth opportunity, Adnoc has confirmed in a statement. The Abu Dhabi oil company said negotiations to merge Borouge and Borealis companies are ongoing in a “constructive and positive manner”.

(Reuters) - Austria's OMV and Abu Dhabi National Oil Company (ADNOC) said on Friday they are considering a joint venture to acquire Canada's Nova Chemicals if its owner, the Abu Dhabi sovereign ...

2 days ago · At the end of 2023, the group had 3 refineries located in Austria, Germany and Romania, and 1,666 filling stations in Europe; - exploration and production of oil and gas (36%): 364,000 barrels of crude oil and Liquefied Natural Gas (LNG) produced per day in 2023; - manufacturing of chemical products (20.4%): advanced polyolefins, base chemicals ...