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OMV and Mubadala negotiate acquisition of 39% of Borealis

Published by , Editorial Assistant
Hydrocarbon Engineering,


OMV and Mubadala are currently negotiating the acquisition of an additional 39% share in Borealis AG (Borealis) by OMV for a purchase price of US$4.68 billion.

The potential transaction (which would increase OMV’s current shareholding in Borealis from 36% to 75%) would expand the value chain of OMV in the petrochemical sector and would allow OMV to fully consolidate the results of Borealis Group in OMV’s financial statements. The shareholding of Mubadala in Borealis would, after the closing of the potential transaction, amount to 25%.

A potential transaction is, amongst other things, subject to (i) an agreement with Mubadala on the commercial transaction parameters and the transaction documents (consisting, in particular, of a share purchase agreement and an amended shareholders’ agreement) in the ongoing negotiations, (ii) approvals by Mubadala and (iii) other approvals by authorities (such as merger control clearances). Furthermore, the Supervisory Board of OMV has not finally deliberated and decided on the potential transaction. It is expected that a respective decision is made as soon as possible.

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/09032020/omv-and-mubadala-negotiate-acquisition-of-39-of-borealis/

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Downstream news Downstream petrochemical news