◂ Announcements

Mar 4, 2025ACQUISITIONAbu Dhabi, United Arab Emirates

ADNOC and OMV to combine Borouge and Borealis into Borouge Group International, acquire Nova Chemicals

ADNOC and OMV have signed a binding framework agreement to combine Borouge and Borealis into Borouge Group International, which will then acquire Nova Chemicals for US$13.4 billion. The new entity will be listed on the Abu Dhabi Stock Exchange.

Value

$13.4B

Status

Announced

Productspolyolefinspolyethylene

CompaniesBorouge Borealis target OMV S.p.A. investor ADNOC investor NOVA Chemicals target Borouge acquirer

Sectors#Specialty Chemicals #Plastics and Polymers

“ADNOC and OMV agree terms of a binding framework agreement for the proposed combination of Borouge and Borealis into Borouge Group International”borouge.com

2 sources
borouge.comBorouge Media & Events Global_Petrochemical_ChampionMar 4, 2025
quiminet.comBorouge anuncia fusión con Borealis y adquisición de Nova Chemicals para crear líder global en poliolefinas | QuimiNetQuimiNet.com, Marketizer.com, eIndustria.comMar 19, 2025

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

More from Borouge

profile ▸

Loading…