ADNOC and Austria’s OMV have announced they will merge their shareholdings in Borouge plc and Borealis AG to create Borouge Group International. This new combined company will then acquire NOVA ...

Borouge Group will combine two joint ventures - Borealis, 75% owned by OMV and 25% by ADNOC, and Borouge, 54% owned by ADNOC and 36% by Borealis. "We're bringing a global chemicals group to ...

Romania’s OMV has concluded the sale of its 5% stake in the Ghasha concession to Lukoil Gulf Upstream for $594m (2.63bn lei).

OMV will inject 1.6 billion euros ($1.68 billion) in cash into the business to put its shareholding on par with Adnoc, they ...

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 ...

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 ...

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 ...

Adnoc and OMV said Borouge Group International, which they said would have an enterprise value of more than $60bn, would be the fourth-largest polyolefins company, and second-largest outside China.

The Abu Dhabi National Oil Company (ADNOC) and Austria’s OMV have agreed to merge their holdings in Borouge and Borealis, forming Borouge Group International, which will acquire North American ...

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 ...