'This transfer, which is subject to regulatory approvals, is aligned with ADNOC's strategy to consolidate its international growth investments under XRG'. Image by frantic00 via iStock Abu Dhabi ...

Abu Dhabi National Oil Company (Adnoc) is set to transfer its 24.9% shareholding in Austrian energy player OMV to XRG, Adnoc's wholly owned international investment company. The transfer is subject to ...

Abu Dhabi’s state-owned energy company Adnoc has agreed to terms of a binding agreement with Austria’s OMV to merge their polyolefins business and create a $60 billion global champion. Under the ...

Abu Dhabi's Adnoc said it will transfer its 24.9% shareholding in Austria's OMV to its investment company XRG as part of its strategy to consolidate international investments in the unit. Adnoc, or ...

Abu Dhabi National Oil Co. and Austria's OMV will merge their polyolefin businesses to create a chemicals powerhouse with a $60 billion enterprise value, as the Gulf state oil company advances an ...

OMV adjusted its shareholder distribution policy to reflect its deal with Abu Dhabi's Adnoc to create petrochemical company Borouge Group International. The Austrian oil-and-gas company said late ...

Austria’s OMV and Abu Dhabi’s ADNOC have struck a deal to combine their polyolefins business, creating a $60-billion major in the space, ADNOC said in a statement. The new company will be the ...

OMV AG trades more than 15 percent lower compared to when I last covered the stock, despite generally positive business developments. Negotiations with Adnoc regarding a merger of Borealis and Borouge ...

ADNOC will shift its 24.9 per cent holding in Austrian oil‑and‑gas group OMV AG into XRG P. J. S. C, the UAE state oil giant’s $80 billion lower‑carbon energy and chemicals investment vehicle launched ...

Abu Dhabi National Oil Company (ADNOC) and the Austrian refiner OMV are contemplating the purchase of the Canadian petrochemical producer Nova Chemicals from the Abu Dhabi sovereign wealth fund ...

Abu Dhabi's Adnoc and Austria's OMV reached an agreement to combine their shareholdings in Borouge and Borealis and subsequently acquire Nova Chemicals for $13.4 billion--including debt--to form a ...