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Topic Summary

Posted by: NelsonGoni
« on: December 28, 2023, 02:50:46 PM »

OMV, ADNOC close to agreeing deal for chemicals company tie up 

Reuters exclusively reported that Abu Dhabi National Oil Co (ADNOC) is closing in on a deal with Austria’s OMV (OMVV.VI) to combine two entities in which the companies own stakes to create a chemicals giant, two people with knowledge of the talks said. In July OMV said it had entered into talks to merge petrochemicals group Borealis – which is owned by OMV and ADNOC in a 75:25 split – and Borouge (BOROUGE.AD), which is 54:36 owned by ADNOC and Borealis. 


The post OMV, ADNOC close to agreeing deal for chemicals company tie up  appeared first on Reuters News Agency .


Source: OMV, ADNOC close to agreeing deal for chemicals company tie up 

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