# EU approves acquisition of Nova Chemicals by Adnoc and OMV

The European Commission has approved the acquisition of Nova Chemicals by Borouge Group International, a joint venture being created by OMV and Adnoc. The deal is expected to close in Q1 2026.

- Type: Acquisition
- Announced: 2025-07-14
- Where: Calgary, Alberta, Canada
- Status: announced
- Capacity: 12.2 million tonnes per year of resin capacity plus 900,000 metric tons per year of compounds
- Products: ethylene, polyethylene, polyolefins, compounds
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [OMV S.p.A.](https://endata.com/companies/1004.md) (acquirer)
- [OMV S.p.A.](https://endata.com/companies/1004.md) (investor)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (target)
- [Abu Dhabi National Oil Company](https://endata.com/companies/5511.md) (acquirer)
- [Abu Dhabi National Oil Company](https://endata.com/companies/5511.md) (investor)
- [Borouge Group International](https://endata.com/companies/83571.md) (acquirer)

## Sources

- [canplastics.com](https://www.canplastics.com/canplastics/eu-approves-acquisition-of-nova-chemicals-by-adnoc-and-omv/1003467072/), 2025-07-14: "The European Commission (EU) has approved, without conditions, the acquisition of Calgary-based material supplier Nova Chemicals Corp. by Borouge Group International."
- [cpecn.com](https://www.cpecn.com/news/eu-approves-acquisition-of-nova-chemicals-by-adnoc-and-omv/), 2025-08-05: "The European Commission has approved the acquisition of Calgary-based Nova Chemicals Corp. by Borouge Group International."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.