ADNOC and OMV to merge plastics businesses into $60B Borouge Group International

ADNOC and OMV agreed to merge their plastics businesses, Borealis and Borouge, into a new company called Borouge Group International, valued at $60 billion. The new entity will also acquire Nova Chemicals for $13.4 billion.

“The Abu Dhabi National Oil Co. and OMV AG of Austria said Tuesday that they will merge their plastics businesses to create a $60 billion global heavyweight.”law360.com

• 1 source
• law360.comAbu Dhabi, Austria Groups Agree To $60B Plastics Biz Merger - Law360Employment AuthorityMar 4, 2025

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