Separately, Adnoc has entered into a share purchase agreement with Nova Chemicals Holdings, a subsidiary of UAE’s Mubadala for the acquisition of a 100% stake in Nova Chemicals Corporation (Nova ...

XRG, which ADNOC has said has $80 billion in assets, has a mandate to pursue global deals in chemicals, natural gas and renewables, as the emirate seeks to build a globe-spanning portfolio ...

Adnoc agreed in October last year to take over German producer Covestro for €14.7bn ($15.6bn). Canada’s Nova can produce 2.6 tonnes per year of polyethylene and 4.2m tonnes of ethylene.

Abu Dhabi National Oil Co. (ADNOC) and Austrian energy and chemicals producer OMV are merging some petrochemicals and plastics units to form Borouge Group, a company valued at more than $60 billion.

ADNOC has also entered into a share purchase agreement (SPA) with Nova Chemicals Holdings GmbH, an indirectly wholly owned company of Mubadala Investment Company P.J.S.C. (Mubadala) for 100% of Nova ...

OMV (an Austrian oil, gas, and chemicals company) and ADNOC (Abu Dhabi National Oil Company) are jointly acquiring Nova Chemicals, a Canadian plastics and chemicals manufacturer, for US$13.4 billion.

BOROUGE INTERNATIONAL Adnoc and OMV create USD 60 bn chemical giant / Borealis and Borouge to be combined / Nova Chemicals acquisition confirmed — By Dede Williams — Among conglomerates, Middle East ...

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ADNOC had already agreed in October to buy German chemicals maker Covestro for 14.7 billion euros ($15.5 billion), including debt. Nova can produce 2.6 million metric tons of polyethylene a year and 4 ...

ADNOC and Austria’s OMV have announced today that they will merge their shareholdings in Borouge plc and Borealis AG to create Borouge Group International. This new combined company will then acquire ...

Abu Dhabi’s Adnoc and Austria’s OMV OMV 1.05% reached an agreement to combine their petrochemical businesses and subsequently acquire Canada’s Nova Chemicals to form a giant with a combined ...