Back to News

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:
Andreas Rinofner
Tel.: +43 1 40440-21357
public.relations@omv.com

OMV Investor Relations:
Florian Greger
Tel.: +43 1 40440-21600
investor.relations@omv.com

Media Contact
Group Media desk
Virginia Wieser, Lena Lehner
+43 1 22 400 899 (Vienna, Austria)
media@borealisgroup.com

Related News

News – 24/03/2023

Borealis has published its Annual Report and Financial Results 2022

Read more

Media Release – 08/11/2022

Borealis and YILDIRIM announce binding agreement for YILFERT to launch mandatory takeover bid, followed by a squeeze out for Rosier SA

Read more

Media Release – 26/09/2022

Borealis and YILDIRIM signed a binding agreement for Yildirim to acquire Borealis’ shareholding in Rosier SA

Read more

Media Release – 10/08/2022

Borealis confirms intention to launch squeeze out offer for Rosier

Read more

Media Release – 21/07/2022

Borealis announces the start-up of New Ethane Cracker at its Joint Venture Baystar in Port Arthur, Texas

Read more

Media Release – 10/06/2022

Borealis intends to launch squeeze out offer for Rosier

Read more

Media Release – 03/06/2022

Borouge successfully lists on ADX in Abu Dhabi’s largest-ever IPO

Read more

Media Release – 02/06/2022

Borealis received a binding offer from AGROFERT for the acquisition of Borealis’ nitrogen business

Read more

Media Release – 18/05/2022

Borealis and ADNOC Announce the Intention To Float a 10% Stake of Borouge

Read more