# 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.

- Type: Acquisition
- Announced: 2025-03-04
- Where: Vienna, Austria, Austria
- Value: $60.0B
- Status: announced
- Products: polyolefins
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Borealis](https://endata.com/companies/242.md) (target)
- [OMV S.p.A.](https://endata.com/companies/1004.md) (partner)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (target)
- [Abu Dhabi National Oil Company](https://endata.com/companies/5511.md) (partner)
- [Borouge](https://endata.com/companies/8678.md) (target)

## Sources

- [law360.com](https://www.law360.com/articles/2305544/abu-dhabi-austria-groups-agree-to-60b-plastics-biz-merger), 2025-03-04: "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."

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