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Austria's OMV and the UAE's ADNOC are in discussions to acquire Nova Chemicals as part of a larger strategy to create an industry giant. The potential acquisition is linked to a $30 billion merger of ADNOC's Borouge and Borealis units, with Nova Chemicals expected to be integrated into the newly formed entity. This move highlights the ongoing consolidation in the chemicals industry as major players seek to enhance their market positions.
UAE’s Adnoc Aims to Buy Nova Chemicals, Roll Into Deal With OMV Adnoc, OMV eye $30 billion merger of Borouge, Borealis units Nova Chemicals would be included in firm created from merger #oott https://t.co/2W8zR6GLUH
Adnoc and Austria's OMV are considering buying Canada’s Nova Chemicals and rolling it into an industry giant they’re seeking to create https://t.co/cdK2DybFuH
India BPCL awards 12-month Murban crude import tender to Total https://t.co/TMb6jw5p0l
