# Borouge and Borealis form Borouge International and acquire NOVA Chemicals

Borouge and Borealis combined into Borouge International, which is acquiring NOVA Chemicals, with OMV and XRG each holding 50 percent. The new company is headquartered in Austria with regional headquarters in the UAE.

- Type: Acquisition
- Announced: 2026-04-08
- Status: announced
- Products: polyolefins, petrochemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Borealis](https://endata.com/companies/242.md) (acquirer)
- [OMV S.p.A.](https://endata.com/companies/1004.md) (investor)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (target)
- [Borouge](https://endata.com/companies/8678.md) (acquirer)
- [XRG](https://endata.com/companies/14160.md) (investor)

## Sources

- [packagingeurope.com](https://www.packagingeurope.com/borouge-and-borealis-form-borouge-international-and-acquire-nova-chemicals/), 2026-04-08: "Borouge and Borealis have combined to create Borouge International and acquire NOVA Chemicals, backed by shareholders OMV and XRG, with each holding a 50% stake in the company."

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