ADNOC closes acquisition of 24.9% stake in OMV
Published by Jack Roscoe,
Editorial Assistant
Oilfield Technology,
Successful completion accelerates delivery of ADNOC’s global chemicals expansion strategy; reinforces focus on partnerships, value creation and growth.
Transaction sees ADNOC increase its shareholdings in Borealis and Borouge.
Investment strengthens long-standing partnership between ADNOC and OMV and unlocks additional value creation for Borouge.
ADNOC and OMV continue to be engaged in open-ended negotiations about a potential merger of Borouge and Borealis.
Read the article online at: https://www.oilfieldtechnology.com/special-reports/01032024/adnoc-closes-acquisition-of-249-stake-in-omv/
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