# OMV and Adnoc to merge Borealis and Borouge, acquire Nova Chemicals for $13.4B

OMV and Adnoc will merge their polyolefins businesses into Borouge Group International (BGI), which will then acquire Nova Chemicals for US$13.4 billion. The combined entity will be the world's fourth-largest polyolefins player with 13.6 mtpa capacity.

- Type: Acquisition
- Announced: 2025-03-04
- Where: Vienna, Austria, Austria
- Value: $13.4B
- Status: announced
- Capacity: 13.6 million tons per annum
- Products: polyolefins, polyethylene resin
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [OMV S.p.A.](https://endata.com/companies/1004.md)
- [Abu Dhabi National Oil Company](https://endata.com/companies/5511.md)
- [Borealis](https://endata.com/companies/242.md) (target)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (target)
- [Mubadala Investment Company](https://endata.com/companies/5162.md) (investor)
- [Borouge](https://endata.com/companies/8678.md) (target)

## Sources

- [canplastics.com](https://www.canplastics.com/canplastics/omv-adnoc-to-merge-borealis-and-borouge-buy-nova-chemicals/1003466161/), 2025-03-04: "The deal will create the world’s fourth-largest polyolefins player."

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