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) […] The post OMV, ADNOC close to agreeing deal for chemicals company tie up appeared first on Reuters News Agency.
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.
What's Your Reaction?
