OMV, ADNOC and Borouge

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.
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.
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,
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Borouge updates investors on proposed creation of $60bln global petrochemical champion
Borouge will update the market today on the announcements by Abu Dhabi National Oil Company (ADNOC) and OMV ...
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 ...
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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 ...
Al-Monitor1d
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 ...
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 ...
Upstream2d
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 ...
Zawya2d
ADNOC and OMV to create $60+ billion global colyolefins champion
Combination of Borouge and Borealis to create Borouge Group International, with new entity to acquire Nova Chemicals for ...