UAE's Adnoc Targets More Chemicals Growth After Mega OMV Deal [Yahoo! Finance]
OMV AG BEARER SHS S/ADR (OMVKY)
NASDAQ:AMEX Investor Relations:
omvpetrom.com/portal/01/petromcom/petromcom/omv_petrom/investor_relations/omv-petrom-shares-gdrs/shareholding-and-stock-listing-history/!ut/p/b0/04_sj9cpykssy0xplmnmz0vmafgjzoin_e0tar0cny1cddw9pxw93hwndsbapzg1t78g21erac3xr1e!
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Source: Yahoo! Finance
Most Read from Bloomberg Cuts to Section 8 Housing Assistance Loom Amid HUD Uncertainty How Upzoning in Cambridge Broke the YIMBY Mold Remembering the Landscape Architect Who Embraced the City NYC Office Buildings See Resurgence as Investors Pile Into Bonds Hong Kong Joins Global Stadium Race With New $4 Billion Sports Park The transaction is Abu Dhabi National Oil Co.'s latest big bet on chemicals. The company sees demand rising for products like plastics even as the energy transition forces many consumers to switch away from burning fuels for transport. The deal, which includes the joint purchase of Nova Chemicals for $13.4 billion, will boost output capacity 30-fold from when Adnoc first started its petrochemical unit Borouge Plc over 25 years ago, Khaleed Salmeen, chief executive officer at Adnoc's downstream business, said in a Bloomberg TV interview. Read: UAE's Adnoc and OMV Agree to Form $60 Billion Chemical Giant Adnoc and OMV on Tuesday said they agreed to
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- OMV (OTCMKTS:OMVKY) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- OMV (OTCMKTS:OMVKY) had its "underweight" rating reaffirmed by analysts at Barclays PLC.MarketBeat
- OMV (OTCMKTS:OMVKY) was downgraded by analysts at Berenberg Bank from a "strong-buy" rating to a "hold" rating.MarketBeat
- The Bull Case For OMV (WBAG:OMV) Could Change Following Green Hydrogen JV With Masdar and Share Buybacks [Yahoo! Finance]Yahoo! Finance
- OMV AG (OMVKY) Hits Fresh High: Is There Still Room to Run? [Yahoo! Finance]Yahoo! Finance