# Adnoc and OMV merge Borouge and Borealis to form Borouge Group International

Adnoc and OMV announced the merger of their shareholdings in Borouge and Borealis AG to create Borouge Group International, a $60 billion global polyolefins producer. The new entity will also acquire Nova Chemicals for $13.4 billion including debt.

- Type: Acquisition
- Announced: 2018-03-09
- Where: Austria (headquarters), with regional hubs in UAE, Canada, US, Singapore, Austria
- Value: $13.4B
- Status: announced
- Products: polyolefins, polyethylene, ethylene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [ADNOC](https://endata.com/companies/2481.md)
- [Borealis](https://endata.com/companies/242.md) (target)
- [OMV S.p.A.](https://endata.com/companies/1004.md) (partner)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (target)
- [Mubadala Investment Company](https://endata.com/companies/5162.md) (investor)
- [Borouge](https://endata.com/companies/8678.md) (target)

## Sources

- [tradearabia.com](https://www.tradearabia.com/News/293815/Borouge-and-Borealis-merger-to-create-%2460bn-polyolefins-leader), 2018-03-09: "UAE's Adnoc and Austria’s OMV have announced merger of their shareholdings in Borouge and Borealis AG to create Borouge Group International, a AED220-billion ($60 billion) global integrated chemicals powerhouse."

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