OMV and ADNOC consider buying Nova Chemicals

Vienna/Abu Dhabi- The domestic oil and gas company OMV and its major shareholder ADNOC from Abu Dhabi think about the purchase of the Nova Chemicals company. After an acquisition, the company could be merged part of a possible polyolefin cooperation and, in the course of this, the OMV announced on Friday evening. This could create a “global polyolefin group with a significant presence in key markets”, according to the OMV.