December 11, 2023

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Abu Dhabi, OMV in talks to kind $30 billion chemical compounds large

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Dubai: Abu Dhabi and Austria’s OMV are exploring a mixture of Borouge and Borealis to create a chemical compounds and plastics firm value greater than $30 billion, Bloomberg Information reported on Tuesday.

The 2 events are discussing a doable Borealis valuation of about $10 billion, together with its Borouge stake, the report stated, including that the general valuation of the mixed entity might finally exceed $30 billion.

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