Adnoc acquires 24.9% stake in OMV from Mubadala, supporting global chemicals growth and discussing potential merger of shareholdings in Borouge and Borealis.

Adnoc acquires 24.9% stake in Austrian energy and chemicals group OMV from Mubadala. This move supports Adnoc's global chemicals growth strategy and increases its presence in Borealis and Borouge. Adnoc plans to nominate two representatives to OMV's Supervisory Board and is discussing a potential merger of their respective shareholdings in Borouge and Borealis.

March 03, 2024
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