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XRG STATEMENT ON OMV SHAREHOLDING TRANSFER
Abu Dhabi, UAE – July 16, 2025
XRG, P.J.S.C (XRG), the international energy investment company, welcomes ADNOC’s intention to transfer its 24.9% shareholding in OMV AG (OMV) to XRG, subject to relevant regulatory approvals.
XRG also confirms the continued progress towards preparing for the formation of Borouge Group International, a global polyolefins leader valued at over $60+ billion, set to become the world’s fourth-largest polyolefins producer. The proposed formation of Borouge Group International remains subject to customary regulatory approvals.
As a strategic, long-term, and growth-oriented investor, XRG shares ADNOC's vision for transformative value creation and is committed to supporting the continued success of OMV and Borouge Group International.
XRG also confirms the continued progress towards preparing for the formation of Borouge Group International, a global polyolefins leader valued at over $60+ billion, set to become the world’s fourth-largest polyolefins producer. The proposed formation of Borouge Group International remains subject to customary regulatory approvals.
As a strategic, long-term, and growth-oriented investor, XRG shares ADNOC's vision for transformative value creation and is committed to supporting the continued success of OMV and Borouge Group International.
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