Negotiations for the planned $30 billion merger between the chemical arms of Abu Dhabi National Oil Company (ADNOC) and Austrian oil and gas company OMV have reportedly stalled. Disagreements, including the name of the merged unit in the final deal announcement, have led to a pause in negotiations. While talks may resume, conflicts over points such as job guarantees in Austria, a Vienna listing, and the choice of an Austrian chairman are contributing to the impasse. Both companies have not immediately responded to media requests for comments.
ADNOC and OMV’s $30 Billion Chemicals Merger Talks Reportedly Stall Over Disagreements
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