# ADNOC and OMV to complete chemicals mega-merger by end of March

Abu Dhabi National Oil Company (ADNOC) and Austria's OMV expect to complete a mega-merger to create a global chemicals giant by the end of March 2026.

- Type: Acquisition
- Announced: 2026-03-19
- Where: Vienna, Austria
- Value: $13.4B
- Status: announced
- Products: chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Borealis](https://endata.com/companies/242.md) (target)
- [OMV S.p.A.](https://endata.com/companies/1004.md) (partner)
- [OMV S.p.A.](https://endata.com/companies/1004.md) (target)
- [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) (partner)
- [Borouge](https://endata.com/companies/8678.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/business/energy/adnoc-omv-are-set-complete-chemicals-mega-merger-by-end-march-2026-03-19/), 2026-03-19: "Abu Dhabi National Oil Company and Austria's OMV expect to complete by the end of March a mega-merger to create a global chemicals giant."
- [news.chemnet.com](https://news.chemnet.com/news-3995.html), 2026-04-02: "OMV Group and XRG jointly announced the completion of a major integration to form Borouge Group International, instantly making the new company the world's fourth-largest polyolefin producer."

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