◂ Announcements

Mar 18, 2025ACQUISITIONCanada

OMV and ADNOC form Borouge Group International via merger of Borealis, Borouge, NOVA Chemicals

OMV's Supervisory Board approved a landmark agreement with ADNOC to merge Borealis, Borouge, and NOVA Chemicals into Borouge Group International, a global petrochemical entity.

Value

$13.4B

Status

Announced

Capacity

2.6 million tonnes of polyethylene per year; 4.2 million tonnes of ethylene per year

Productshigh-performance polymerschemicals

CompaniesBorealis target OMV S.p.A. investor OMV S.p.A. partner ADNOC investor ADNOC partner NOVA Chemicals target Borouge target Borouge Group International acquirer

Sectors#Plastics and Polymers #Specialty Chemicals

“The approval by OMV's Supervisory Board of the landmark agreement with ADNOC marks not just a corporate transaction, but the dawn of a new era in the global petrochemical industry.”chemanalyst.com

2 sources
chemanalyst.comOMV's Strategic Alliance with ADNOC: A Petrochemical Colossus ForgedJai SenMar 18, 2025
mergersight.comADNOC and OMV's $13.4bn Acquisition of Nova ChemicalsApr 14, 2025

Summarized from public sources; check the original articles before acting on it.

◂ Announcements

OMV and ADNOC form Borouge Group International via merger of Borealis, Borouge, NOVA Chemicals

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◂ Announcements

OMV and ADNOC form Borouge Group International via merger of Borealis, Borouge, NOVA Chemicals

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