OMV and Mubadala complete Borealis transaction
- OMV acquires additional 39% stake from Mubadala, increasing its shareholding in Borealis to 75%
- Purchase price of USD 4.68 bn
- Net cash out for OMV is EUR 3.8 bn
- Mubadala retains a 25% interest in Borealis
OMV, the international integrated oil and gas company headquartered in Vienna and Mubadala Investment Company, the Abu Dhabi-based strategic investment company, have today completed the transaction for OMV to acquire an additional 39% stake in Borealis, a leading, global chemicals company, from Mubadala.
Following the initial agreement announced in March this year, the transaction was completed in line with the expected timeline and in accordance with all regulatory requirements. OMV now holds a 75% interest in Borealis and Mubadala retains a 25% interest in the company.
Read the full version of the media release here.
For further information, please contact:
OMV Public Relations:
Tel.: +43 1 40440-21357
OMV Investor Relations:
Tel.: +43 1 40440-21600