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

Nova Chemicals will cost the new entity $13.4 billion including debt. OMV will inject 1.6 billion euros ($1.68 billion) in ...

ADNOC would combine Nova with Borealis and Borouge, creating a firm with nearly $17 billion in sales, based on 2023 results. Chemical & Engineering News ISSN 0009-2347 ...

Abu Dhabi National Oil Co. and energy producer OMV AG are considering buying Canada’s Nova Chemicals Corp. and rolling it into an industry giant they’re seeking to create by merging two ...

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 ...

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. This new combined company will then acquire ...

ADNOC and OMV expect to complete the Borealis-Borouge combination and the NOVA Chemicals acquisition in the first quarter of 2026 subject to regulatory approvals and other customary conditions.

Dubai: ADNOC is looking at the possible buying of Nova Chemicals Corporation from fellow Abu Dhabi entity, Mubadala Investment Company.

Not just that, it will acquire Nova Chemicals for $13.4 billion, in turn establishing the 'world’s fourth-largest polyolefins player'. The new company will also go in for a listing on ADX (Abu ...

Nova Chemicals will cost the new entity $13.4 billion including debt. 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.

Adnoc and OMV said they’re in talks with the Abu Dhabi sovereign fund Mubadala Investment Co., which owns Nova Chemicals, about buying that company. Adnoc and OMV said in separate statements that they ...