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OMV's Borealis to Merge with Borouge in a 30 Billion Euro Deal
OMV's subsidiary Borealis is set to merge with the Abu Dhabi-based petrochemical company Borouge, creating a new global heavyweight in the chemical and plastic sector with an estimated value of 30 billion euros. This significant move marks a transformative step in the ongoing value creation and chemical growth strategy of both companies.
Abu Dhabi National Oil Company (ADNOC) and OMV AG have entered formal negotiations for this merger, combining their existing shares in Borouge plc and Borealis AG, as reported by the Austrian…
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