OMV decides to pursue negotiations with ADNOC on polyolefins cooperation

OMV's Executive Board decided on 14 July 2023 to pursue negotiations with ADNOC on a potential cooperation regarding their polyolefins businesses, including a possible combination of Borealis and Borouge as equal partners under a listed platform.

“The Executive Board of OMV has just decided to pursue negotiations with ADNOC on a potential cooperation with respect to their polyolefins businesses.”omv.com

• 2 sources
• omv.comOMV decides to pursue negotiations with ADNOC on a potential cooperation regarding their polyolefins businesses | OMV.comJul 14, 2023
• reuters.comOMV to enter talks with ADNOC to create $20 billion chemicals giantJul 14, 2023

Summarized from public sources; check the original articles before acting on it.