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.