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 and OMV to merge polyolefin businesses to create $60 billion giant
State-owned Abu Dhabi National Oil Company (ADNOC) and Austria's OMV will merge their polyolefin businesses to create a $60 billion chemicals powerhouse, call
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.
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.
OMV, Adnoc to merge Borealis and Borouge, buy Nova Chemicals
Nova is one of North America’s largest polyethylene (PE) resin makers, and is wholly owned by Mubadala Investment Co., a state-owned investment group based in Abu Dhabi. Nova has resin production facilities in Joffre, Alta.; Sarnia, Ont.; Geismar, La.; and a new film recycling plant in Connersville, Ind.
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.
Arabian Business2d
ADNOC and OMV to create $60bn chemical powerhouse Borouge Group International
Borouge and Borealis combine to form $60bn Borouge Group International with polyolefins capacity of appx 13.6mn tons per ...
Trade Arabia2d
Borouge and Borealis merger to create $60bn polyolefins leader
UAE's Adnoc and Austria’s OMV have announced merger of their shareholdings in Borouge and Borealis AG to create Borouge Group ...
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 ...