# 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.

- Type: Acquisition
- Announced: 2020-03-12
- Where: Austria
- Value: $4.68B
- Status: announced
- Products: polyolefins, base chemicals, ethylene, propylene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [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) (acquirer)
- [Mubadala Investment Company](https://endata.com/companies/5162.md) (partner)

## Sources

- [omv.com](https://www.omv.com/en/media/press-releases/2020/200312-omv-signs-agreement-to-increase-its-shareholding-in-borealis-to-75percent-repositioning-in-a-low-carbon-world), 2020-03-12: "This transaction is not just another milestone in the implementation of our strategy, but the biggest transformation in OMV's history."
- [reuters.com](https://www.reuters.com/article/us-borealis-m-a-omv/omv-to-sell-2-3-billion-of-assets-to-fund-purchase-of-plastics-maker-idUSKBN20Z15W/), 2020-03-12: "This transaction is not just another milestone in the implementation of our strategy, but the biggest transformation in OMV’s history."

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