OMV, Mubadala Agree Contractual Terms for Potential Borealis Stake Deal
11 March 2020 - 10:41PM
Dow Jones News
By Mauro Orru
OMV AG said Wednesday that it has agreed contractual terms with
Mubadala Investment Co. to acquire a further 39% stake in Austrian
chemicals company Borealis AG for $4.68 billion.
OMV said its supervisory board hasn't made a final decision for
the potential transaction. The transaction would increase OMV's
shareholding in Borealis to 75% from 36%, with Mubadala's
shareholding falling to 25% from 64%.
OMV said on March 6 that it was in negotiations with Mubadala to
increase its stake in Borealis.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
March 11, 2020 07:26 ET (11:26 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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