Public disclosure of inside information according to Art 17 MAR
The Supervisory Board of OMV has just approved the conclusion of the agreements between OMV and ADNOC for the combination of Borealis, Borouge and NOVA Chemicals under Borouge Group International as new, jointly controlled joint venture company of OMV and ADNOC. Please see in this respect also the public disclosure of inside information according to Art 17 MAR by OMV dated 3 March 2025 regarding the agreement with ADNOC on key commercial terms for a combination of Borealis, Borouge and NOVA Chemicals.
The transaction is, inter alia, subject to (i) negotiations and agreement with ADNOC on the implementation agreements, (ii) approvals of the implementation agreements by the Executive Board of OMV as well as by the corporate bodies of ADNOC, and (iii) approvals by authorities (such as merger control clearances or foreign direct investment approvals).
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.
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).