Borouge Stake Acquisition Marks New Global Petrochemical Giant

Borouge stake acquisition announced forms the foundation of one of the most significant transformations in the global petrochemical industry. Abu Dhabi National Oil Company (ADNOC) and Austria’s OMV have agreed to combine their Borouge and Borealis businesses to establish Borouge Group International, a global polyolefins leader valued at over 60 billion dollars. ADNOC and OMV to Hold Equal Stakes Under the terms of the transaction, ADNOC and OMV will hold a 46.94 percent stake each in the newly created Borouge Group International, maintaining joint control of the venture. The remaining 6.12 percent will constitute free-float shares, ensuring continued public investment participation. This balanced ownership structure reflects both partners’ long-term strategic commitment to growth, innovation, and sustainability within the polyolefins market. Expanding Global Production Capacity The merger will give the new