OMV, ADNOC

ADNOC and OMV to merge petrochemical firms to create $60 billion giant
By Gursimran Mehar, Yousef Saba, Federico Maccioni and Abinaya V(Reuters) -Abu Dhabi National Oil Company and Austria's OMV will merge their polyolefin businesses to create a chemicals powerhouse with a $60 billion enterprise value,
Adnoc, OMV Reach Deal to Form $60 Billion Petrochemical Giant
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 $60 billion.
Abu Dhabi oil giant ADNOC, Austrian OMV create $60B chemicals giant
The two companies are merging some petrochemicals and plastics units to form Borouge Group, which will also acquire Canada's Nova Chemicals.
UAE’s Adnoc Targets More Chemicals Growth After Mega OMV Deal
The $60 billion company formed by the merger of Adnoc and OMV AG’s chemical units is targeting a more than 50% boost in profits, and remains open for further deals or building new plants.
ADNOC, OMV agree on shareholding combination in Borouge and Borealis
BAKU, Azerbaijan, March 5. Abu Dhabi National Oil Company (ADNOC) and OMV Aktiengesellschaft (OMV) have formalized terms for the combination of their shareholdings in Borouge plc and Borealis AG, Trend reports.
UAE’s Adnoc and OMV Agree to Form $60 Billion Chemical Giant
The United Arab Emirates’ and Austria’s top oil companies agreed on terms to create a chemicals giant worth more than $60 billion, enhancing their positions in an industry they expect will continue to grow in the energy transition.
ADNOC, OMV to Create Major Polyolefins Player
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.
Adnoc, OMV to Combine Borouge, Borealis to Form Petrochemicals Giant
Adnoc and OMV will create Borouge Group International through an all-share combination of Borouge and Borealis, the companies said Tuesday. 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, OMV to merge petrochemical firms to create $60B giant
Top Emirati and Austrian oil companies, Abu Dhabi National Oil Company (ADNOC) and OMV will merge their polyolefin businesses to create a chemicals
Adnoc and OMV will create a $60 billion chemicals joint venture
Austria's OMV and Abu Dhabi's National Oil Company will create a $60 billion chemicals joint venture after two years of talks.
Adnoc and OMV announce deal to combine their petrochemical assets
Abu Dhabi National Oil Company has sealed a long-awaited deal to create a $60bn global plastics company after agreeing to combine its petrochemical assets with those of Austria’s OMV. The new company,
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Adnoc and OMV forge $60bn powerhouse with merger of chemicals businesses and takeover of Canadian producer
Ship chartering giants Abu Dhabi National Oil Company (Adnoc) and Austria's OMV are merging their polyolefin operations as ...
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Adnoc teams up with European energy player to create $60 billion global giant
Adnoc and OMV have agreed on the terms of a binding framework agreement regarding the proposed combination of shareholdings ...
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UAE’s ADNOC, Austria’s OMV merge businesses to create $60B plastics firm
Following the acquisition, the new firm, called Borouge Group International (BGI), will be the world’s fourth-largest ...
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OMV and ADNOC set commercial terms for new polyolefins business JV
Investing.com -- Austrian oil and gas company OMV and the Abu Dhabi National Oil Company (ADNOC) have agreed on key commercial terms to combine their polyolefins businesses, Borealis and Borouge, into ...
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ADNOC commissions new unit to extract maximum value from heavy oils, slurry
ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced, today, it has successfully completed the commissioning of a specialised coker unit, as part ...
ADNOC signs 15-year LNG supply deal with Japan's Osaka Gas
Abu Dhabi National Oil Company said on Thursday it had signed a 15-year sales and purchase agreement to supply Japan's Osaka ...
Al Tamimi, Gibson Dunn and A&O Shearman Lead on Middle East Energy Deals
Al Tamimi is advising ADNOC Gas on its $2.84 billion secondary offering, Gibson Dunn is acting as its international counsel, ...