UAE's Adnoc Strengthens Portfolio with Investment in Austria's OMV
Thursday, 29 February 2024, 19:15
Adnoc Strengthens its Global Footprint
Abu Dhabi National Oil Company (Adnoc) secures a significant stake in Austria's OMV, expanding its international presence.
Enhancing Portfolio and Partnerships
The acquisition entails a 24.9% stake in OMV and increased shareholdings in Borealis and Borouge, signaling strategic collaboration and growth.
Strategic Positioning in the Energy Sector
Adnoc's investment in OMV cements its role as a key player in the global energy market, fostering stability and innovation.
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