Public disclosure of inside information according to Art 17 MAR
OMV and ADNOC contemplate, subject to respective agreements with Mubadala, a possible acquisition of Nova Chemicals (by the future potential joint venture company as a first growth opportunity) as part of OMV's and ADNOC's negotiations on a potential cooperation with respect to their polyolefins businesses. Such cooperation would include a potential combination of Borealis, Borouge and Nova Chemicals businesses to create a global polyolefin group with a material presence in key markets.
The potential transactions would, inter alia, be subject to (i) agreements on the commercial transaction parameters (including, inter alia, the valuation of the involved businesses) and the transaction documents in the ongoing negotiations, (ii) approvals of the potential transactions by the corporate bodies of the respective parties involved, including the Executive Board and the Supervisory Board of OMV, and (iii) approvals by authorities (such as merger control clearances).
About OMV
It is our purpose to reinvent everyday essentials. OMV is an integrated energy, fuels and chemicals company headquartered in Vienna, Austria. Through its businesses, OMV supplies products and solutions that support everyday life and industrial value chains. OMV has the ambition of becoming a net-zero company by 2050. Further information is available in its Climate Transition Plan.
In 2025, the company generated revenues of EUR 24 billion and employed around 22,300 people worldwide. OMV's key strategic shareholdings include a 51.2% stake in OMV Petrom and a 50% stake in Borouge International. OMV shares are traded on the Vienna Stock Exchange (OMV) and in the United States on OTCQX (OMVKY, OMVJF).