By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Investing > Adnoc Closes 24.9% Stake Acquisition in OMV
Investing

Adnoc Closes 24.9% Stake Acquisition in OMV

News Room
Last updated: 2024/03/01 at 7:55 AM
By News Room
Share
1 Min Read
SHARE

By Pierre Bertrand


Abu Dhabi National Oil Co said that it has closed its acquisition of a 24.9% stake in Austrian energy and chemicals company, OMV.

The Emirati oil and gas company, commonly known as Adnoc, said that it acquired the stake from Mubadala Investment Co.

Adnoc didn’t give financial details about the acquisition, which was first disclosed by Adnoc back in December 2022.

The acquisition comes as Adnoc and OMV remain in talks about a potential merger of Borouge and Borealis, an OMV spokesman said in a statement to Dow Jones Newswires.


Write to Pierre Bertrand at pierre.bertrand@wsj.com


Read the full article here

News Room March 1, 2024 March 1, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Macron promises to boost France’s defence budget by €6.5bn over next 2 years

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

German defence minister calls on arms makers to deliver

Germany’s defence minister has told weapons makers to stop complaining and “deliver”…

North Korea unconditionally backs Putin’s war in Ukraine during Lavrov visit

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Make America affordable again

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

EU pauses trade retaliation against US after Trump’s 30% tariff threat

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

- Advertisement -
Ad imageAd image

You Might Also Like

Investing

Nursing Home Stocks Could Suffer from this Medicaid Spending Remedy

By News Room
Investing

Bitcoin Drops Below $90,000 Again. What Could Move It Next.

By News Room
Investing

These Stocks Are Moving the Most Today: Marvell, Nvidia, Broadcom, GM, Tesla, MongoDB, Burlington, and More

By News Room
Investing

Nvidia Stock Falls as Marvell Earnings Compound AI Gloom. The Rising Risks for Chips.

By News Room
Investing

This analyst says Tesla deliveries will be 16% below expectations. Musk is part of the problem.

By News Room
Investing

BP CEO was awarded no bonus pay from oil giant’s financial performance

By News Room
Investing

Shares of Starlink’s European competitor have tripled. CEO says it can do the job in Ukraine.

By News Room
Investing

GE Vernova Stock Rises as Analyst Flips to Upgrade After Rating Cut

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?