OMV shuns further deals as CEO sees bright future in chemicals

OMV shuns further deals as CEO sees bright future in chemicals
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21.12.2020

MOSCOW (MRC)В -- Austria's OMV will not make acquisitions before 2022 while it cements its transition into a chemicals group which increasingly uses less crude oil as feedstock, its chief executive said, diverging from other European oil and gas firms focusing on renewables, reported euters.OMV in October completed a USD4.7 billion acquisition of a majority stake in Borealis, which makes

Full article at mrcplast.com

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