2 days ago · Adnoc and OMV aim to acquire Nova Chemicals and integrate it into the newly formed entity resulting from the Borouge-Borealis merger. If the talks succeed, the creation of a new chemicals entity incorporating Nova Chemicals would cement Adnoc and OMV’s positions as formidable players in the global chemicals market. With an estimated valuation ...

5 days ago · OMV and ADNOC contemplate, subject to respective agreements with Mubadala, a possible acquisition of Nova Chemicals (by the future potential joint venture company as a first growth opportunity) as part of OMV's and ADNOC's negotiations on a potential cooperation with respect to their polyolefins businesses. Such cooperation would include a ...

3 days ago · UAE’s Adnoc Aims to Buy Nova Chemicals, Roll Into Deal With OMV. Adnoc, OMV eye $30 billion merger of Borouge, Borealis units; Nova Chemicals would be included in firm created from merger

2 days ago · Abu Dhabi National Oil Company (ADNOC) confirmed on Saturday negotiations with Austria's OMV to set up a new global polyolefins group. It said in a statement negotiations to merge their Borouge and Borealis companies were going in a "constructive and positive manner". The proposed merger would ...

Jan 22, 2025 · Abu Dhabi National Oil Company (ADNOC) P.J.S.C. (“ADNOC”) confirms that negotiations with OMV AG (“OMV”) about the potential creation of a new global polyolefins group, through the proposed combination of their existing shareholdings in Borouge plc (“Borouge”) and Borealis AG (“Borealis”) are ongoing in a constructive and positive manner, while contemplating the acquisition of ...

Jul 31, 2019 · Today, OMV, the international integrated oil and gas company based in Vienna, and ADNOC, the Abu Dhabi National Oil Company, closed the strategic equity partnerships covering both the existing ADNOC Refining business and a new Trading Joint Venture.

Dec 14, 2023 · Abu Dhabi National Oil Co (ADNOC) is closing in on a deal with Austria's OMV to combine two entities in which the companies own stakes to create a chemicals giant, two people with...

Abu Dhabi: ADNOC announced on Thursday that it has formally closed the acquisition of a 24.9 per cent shareholding in OMV AG (OMV), a global energy and chemicals group, …

Feb 29, 2024 · ADNOC announced on Thursday that it has formally closed the acquisition of a 24.9% shareholding in OMV AG (OMV), a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company (Mubadala).

Mar 1, 2024 · UAE’s ADNOC Group has formally closed the acquisition of a 24.9 per cent stake in 68-year-old Austrian oil and gas group OMV from Abu Dhabi wealth fund Mubadala Investment Company, as the...