# 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.

- Type: Acquisition
- Announced: 2025-03-04
- Where: Abu Dhabi, United Arab Emirates
- Value: $13.4B
- Status: announced
- Products: polyolefins, polyethylene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

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

## Sources

- [borouge.com](https://www.borouge.com/en/media/Pages/News/Global_Petrochemical_.aspx), 2025-03-04: "ADNOC and OMV agree terms of a binding framework agreement for the proposed combination of Borouge and Borealis into Borouge Group International"
- [quiminet.com](https://www.quiminet.com/noticias/borouge-anuncia-fusion-con-borealis-y-adquisicion-de-nova-chemicals-para-crear-lider-global-en-poliolefinas-5124242.htm), 2025-03-19: "Borouge, empresa líder en soluciones innovadoras de poliolefinas, ha revelado su propuesta para fusionarse con Borealis y adquirir Nova Chemicals, un importante productor de polietileno en Norteamérica."

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