OMV signs agreement to acquire additional 39% stake in Borealis for $4.68B

OMV signed an agreement to acquire an additional 39% stake in Borealis from Mubadala Investment Company for USD 4.68 billion, increasing its ownership to 75%. The transaction is expected to close by the end of 2020.

“This transaction is not just another milestone in the implementation of our strategy, but the biggest transformation in OMV's history.”omv.com

• 2 sources
• omv.comOMV signs agreement to increase its shareholding in Borealis to 75%, repositioning in a low-carbon world | OMV.comMar 12, 2020
• reuters.comOMV to sell $2.3 billion of assets to fund purchase of plastics makerKirsti KnolleMar 12, 2020

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