Adnoc's XRG and OMV Complete Deal to Create Chemicals Giant Borouge International

der Standard AT

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Factuality

Ownership

The merger of the OMV subsidiary Borealis with Borouge and Nova Chemicals is a coup. But also billion sales do not protect against dependence and war

Kronen Zeitung

Right

Factuality

Ownership

OMV and the energy group ADNOC (Abu Dhabi) have completed the merger of their chemical divisions into the new Borouge International, headquartered in Vienna. The merger of Borealis, Borouge and Nova Chemicals creates a global plastic giant worth around 60 billion US dollars (52.1 billion euros). Borouge International is thus the fourth largest producer of polyolefin plastics. OMV and ADNOC hold 50 percent as equal partners each. On the Abu Dhabi…

Die Presse

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Factuality

Ownership

Chemistry. The merger of OMV's subsidiary Borealis and Borouge from Abu Dhabi has been completed. The strategy for the Group fits, the timing is not so much.