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 ...

Abu Dhabi National Oil Co (ADNOC) and Austria's OMV are poised to resume talks to agree final terms of a tie-up that would create a chemicals group with more than $20 billion in combined annual ...

They’re aiming to reach an agreement before year-end on the proposal, which could see Adnoc and OMV each hold 47% of the combined entity, the people said. That would leave 6% as free float.

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. Each of Adnoc and OMV will hold a 46.94% stake in the resulting ...

ADNOC and OMV would each own 46.94 percent of the JV. The remaining 6.12 percent is to be held by public float on the Abu Dhabi exchange, with plans for later listing on the Vienna bourse.

OMV and ADNOC are in advanced discussions for a deal involving OMV's 75% stake in petrochemicals company Borealis. Click here for a detailed analysis.

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 ...

Once complete, ADNOC's stake in Borouge Group will be transferred to XRG, the state oil firm's new international investment arm, ADNOC said. ($1 = 0.9545 euros) ...

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 ...

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. Subsequently, Adnoc and OMV will both hold 46.94% stakes in ...