(Reuters) -Abu Dhabi is discussing with Austria’s OMV the combination of two major chemicals and plastics companies in which they have interests, a source familiar with the matter told Reuters on Tuesday, in a deal that would create a group worth tens of billions of dollars.
State-run Abu Dhabi National Oil Co (ADNOC) owns 25% of Austrian oil and gas company OMV, which has a stake in Borealis, and which in turn has a stake in Borouge.
The two parties are discussing a possible Borealis valuation of about $10 billion, including its Borouge stake, Bloomberg earlier reported, adding that the…
