ADNOC would combine Nova with Borealis and Borouge, creating a firm with nearly $17 billion in sales, based on 2023 results. Chemical & Engineering News ISSN 0009-2347 ...

Nova Chemicals will cost the new entity $13.4 billion including debt. OMV will inject 1.6 billion euros ($1.68 billion) in cash into the business to put its shareholding on par with Adnoc, they said.

UAE’s Adnoc Aims to Buy Nova Chemicals, Roll Into Deal With OMV Adnoc, OMV eye $30 billion merger of Borouge, Borealis units Nova Chemicals would be included in firm created from merger ...

ADNOC and OMV expect to complete the Borealis-Borouge combination and the NOVA Chemicals acquisition in the first quarter of 2026 subject to regulatory approvals and other customary conditions.

ADNOC has entered into a share purchase agreement (SPA) with Nova Chemicals Holdings, which is an indirectly wholly- owned company of Abu Dhabi's Mubadala, to buy out Nova Chemicals Corp.

ADNOC had already agreed in October to buy German chemicals maker Covestro for 14.7 billion euros including debt. Nova can produce 2.6 million metric tons of polyethylene a year and 4.2 million ...

“Once closed, this deal will mark an exciting new chapter for Nova Chemicals, ADNOC, and their portfolio of global petrochemical companies,” Nova Chemicals said Tuesday in the statement.

Austria's OMV and Abu Dhabi National Oil Company (ADNOC) said on Friday they are considering a joint venture to acquire Canada's Nova Chemicals if its owner, the Abu Dhabi sovereign wealth fund ...

Nova Chemicals will cost the new entity $13.4 billion including debt. OMV will inject 1.6 billion euros ($1.68 billion) in cash into the business to put its shareholding on par with Adnoc, they said.

OMV, ADNOC to merge polyolefins businesses Borouge and Borealis; New entity, ‍Borouge Group International, will acquire Nova Chemicals for $13.4 billion ...

(Bloomberg) -- Abu Dhabi National Oil Co. and energy producer OMV AG are considering buying Canada’s Nova Chemicals Corp. and rolling it into an industry giant they’re seeking to create by merging two ...