OMV CEO Projects Profit Growth from Borouge Merger
OMV CEO Alfred Stern expects the new Borouge International plastics group to boost profits. The company plans a public listing in 2027 following the merger.
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The formation of the new plastics powerhouse BOROUGE represents a significant milestone for Austria-based energy group OMV AG. According to CEO Alfred Stern, the combined entity is poised to drive substantial profit growth, with an initial public offering now targeted for 2027.
"Giant new plastics group Borouge International represents a major step towards increased profitability."
