# OMV and ADNOC to merge Borealis and Borouge into Borouge Group International

OMV and ADNOC signed an agreement to merge Borealis and Borouge into Borouge Group International, a $60+ billion polyolefin company. The new entity will also acquire Nova Chemicals for $13.4 billion. OMV will contribute EUR 1.6 billion in cash.

- 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

- [borealisgroup.com](https://www.borealisgroup.com/news/omv-und-adnoc-gr%C3%BCnden-usd-60-milliarden-gro%C3%9Fen-globalen-polyolefin-konzern), 2025-03-04: "OMV und ADNOC gründen USD 60+ Milliarden großen globalen Polyolefin-Konzern"

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