Seems like he is actually rather quick. Adnoc is working with OMV to merge the two petrochemical companies Borealis, which is 75% owned by OMV and 25% owned by Adnoc, with Borouge, which is also mostly owned by Adnoc and Borealis already. A part of the deal is injecting more capital into that.
Seems like he is actually rather quick. Adnoc is working with OMV to merge the two petrochemical companies Borealis, which is 75% owned by OMV and 25% owned by Adnoc, with Borouge, which is also mostly owned by Adnoc and Borealis already. A part of the deal is injecting more capital into that.
https://www.reuters.com/markets/deals/omv-adnoc-close-agreeing-deal-chemicals-company-tie-up-sources-2023-12-14/