The Supervisory Board of OMV has just approved the conclusion of the agreements between OMV and ADNOC for the combination of Borealis, Borouge and NOVA Chemicals under Borouge Group International as new, jointly controlled joint venture company of OMV and ADNOC.
Please see in this respect also the public disclosure of inside information according to Art 17 MAR by OMV dated 3 March 2025 regarding the agreement with ADNOC on key commercial terms for a combination of Borealis, Borouge and NOVA Chemicals.
The transaction is, inter alia, subject to:
- negotiations and agreement with ADNOC on the implementation agreements,
- approvals of the implementation agreements by the Executive Board of OMV as well as by the corporate bodies of ADNOC, and
- approvals by authorities (such as merger control clearances or foreign direct investment approvals).
- https://omnexus.specialchem.com/