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 ...

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.

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 ...

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 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 ...

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.

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 ...

OMV and ADNOC have partnered to combine their polyolefins businesses, creating a $60 billion global leader in the sector, including the acquisition of Nova Chemicals. Type your search and press Enter ...

“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.

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 ...

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.