ADNOC, OMV to merge petchem firms to create $60bn giant

In:

Oil & gas

Region:

Europe , Middle East & Africa

ADNOC and Austria's OMV will merge their polyolefin businesses to create a chemicals powerhouse with a $60 billion enterprise value, as the Gulf state oil company advances an aggressive growth strategy.The merged entity, Borouge Group International, is set to be the fourth largest polyolefins...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

Report

03 March 2025

Proximo's FY data 2024: Eat your greens

The stronger focus on energy transition from project sponsors and lenders accounted for the modest uptick in overall project and infrastructure finance volume in 2024. And the...

Proximo Deals of the Year 2024: Powerful capital

Perspective

03 March 2025

Proximo Deals of the Year 2024: Powerful capital

Smarter risk allocation, rather than giant leaps forward, characterised the stand-out deals of 2024. Both banks and non-bank lenders wrote big tickets on occasion, but also...

Must See

Podcast: Harding on Trump, tariffs and trade wars

Video

10 February 2025

Podcast: Harding on Trump, tariffs and trade wars

Proximo spoke with Dr. Rebecca Harding, an independent trade economist and founder of strategic advisory business, Rebeccanomics to discuss how Trump’s renewed trade wars, from his tariffs to the reimposition of sanctions, will impact trade flows and the global economy.

Report

03 March 2025

Proximo's FY data 2024: Eat your greens

The stronger focus on energy transition from project sponsors and lenders accounted for the modest uptick in overall project and infrastructure finance volume in 2024. And the trend towards larger transaction shows no sign of abating.

Perspective

03 March 2025

Proximo Deals of the Year 2024: Powerful capital

Smarter risk allocation, rather than giant leaps forward, characterised the stand-out deals of 2024. Both banks and non-bank lenders wrote big tickets on occasion, but also stretched the terms they were willing to offer sponsors.