OMV to enter talks with ADNOC to create $20 billion chemicals giant – Reuters

OMV to enter talks with ADNOC to create $20 billion chemicals giant – Reuters

[1/2]The logo of Austrian oil and gas group OMV is seen at a gas station in Vienna, Austria, October 30, 2018. Picture taken October 30, 2018. REUTERS/Heinz-Peter Bader/File Photo

July 14 (Reuters) - Austria's OMV (OMVV.VI) said on Friday it will enter negotiations with Abu Dhabi National Oil Co (ADNOC) (ADNOC.UL) with a view to creating a chemicals giant from the combination of two entities in which both companies own stakes.