Deals
Adnoc, OMV Near a Deal to Form €30 Billion Chemical Giant
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Abu Dhabi National Oil Co. and Austria’s OMV AG are nearing a deal to create a petrochemical firm worth more than €30 billion ($33 billion), according to people with knowledge of the matter.
An agreement to combine Abu Dhabi-listed Borouge Plc with Borealis AG could be announced as soon as Thursday, according to the people, who asked not to be identified because the agreement isn’t yet public.