# OMV and ADNOC to combine Borealis and Borouge, acquire Nova Chemicals

OMV and ADNOC will combine Borealis and Borouge to create Borouge Group International, which will then acquire Nova Chemicals. The new entity will become the world's fourth-largest polyolefins company with an enterprise value exceeding USD 60 billion.

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

## Companies

- [OMV S.p.A.](https://endata.com/companies/1004.md)
- [Borealis](https://endata.com/companies/242.md) (target)
- [OMV S.p.A.](https://endata.com/companies/1004.md) (acquirer)
- [ADNOC](https://endata.com/companies/2481.md) (acquirer)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (target)
- [Borouge](https://endata.com/companies/8678.md) (target)
- [Abu Dhabi National Oil Company (Adnoc)](https://endata.com/companies/17247.md) (partner)

## Sources

- [omv.com](https://www.omv.com/en/magazine/interviews/2025/a-milestone-for-omv-and-the-global-chemicals-industry), 2025-04-14: "Together with ADNOC, we are combining Borealis and Borouge to create Borouge Group International."
- [schoenherr.eu](https://schoenherr.eu/content/austria-schoenherr-advises-omv-on-regulatory-filings-regarding-historic-eur-60bln-combination-of-omv-subsidiary-borealis-adnoc-subsidiary-borouge-and-nova-chemicals), 2025-06-11: "The agreement to establish the company was signed on 3 March 2025."

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