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| Name | Symbol | Market | Type |
|---|---|---|---|
| Omv Ag Bearer (PK) | USOTC:OMVKY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.02 | -0.20% | 10.02 | 9.89 | 10.08 | 10.13 | 9.95 | 10.13 | 21,708 | 21:15:18 |
From Dec 2022 to Dec 2024
By Giulia Petroni
OMV has decided to pursue negotiations with the Abu Dhabi National Oil Company to potentially combine their polyolefins businesses in order to create a global joint company.
The Austrian oil-and-gas major said Friday that the agreement would include the combination of the Borealis and Borouge businesses under a jointly-controlled, listed company.
OMV currently owns 75% of Borealis, while Adnoc holds the remaining 25%. Borouge is 54% owned by Adnoc and 36% by Borealis, with the remainder listed on the Abu Dhabi Securities Exchange.
The transaction would be subject to approvals, including merger control clearance.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 14, 2023 09:45 ET (13:45 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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1 Month Omv Ag Bearer (PK) Chart |
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