Vienna – The state-owned oil and gas company OMV has confirmed on Friday evening after the publication of a corresponding report by the STANDARD that it intends to increase its shares in Borealis AG. The company is negotiating with the majority owner of the plastic manufacturer, Mubadala from Abu Dhabi. It is about acquiring an additional 39 percent stake for a purchase price of $ 4.68 billion, the listed OMV wrote in an ad hoc announcement. That would be the equivalent of around 4.1 billion euros. Should the deal come about, OMV’s stake in the petrochemical company would increase to 75 percent and that of Mubadala to 25 percent.
–
