OMV and ADNOC delay BGI listing, exchange offer and capital increase to 2027
- ADX listing, exchange offer and BGI capital increase postponed to 2027, subject to market conditions and contractual/ADNOC approvals.
- Temporary dividend adjustment: BGI will contribute USD 250mn to OMV's 2026 dividend (payable 2027) vs USD 500mn previously assumed, lowering OMV payout by ~EUR 0.6-0.7/share.
- OMV and ADNOC may discuss further shareholder support in 2027 if required to maintain BGI's investment-grade rating.
Timing and scope
OMV and ADNOC agreed to align the ADX listing of Borouge Group International AG (BGI), the exchange offer to Borouge plc free‑float shareholders and a capital increase at BGI, with timing currently expected in 2027 subject to market conditions.
Dividend impact
They agreed a temporary reduction of dividend payments from BGI, lowering the BGI contribution to OMV’s dividend distribution for 2026 to USD 250m (vs USD 500m previously assumed), which is expected to reduce OMV’s 2026 dividend by approximately EUR 0.6–0.7 per share (payable in 2027).
Further support and conditions
OMV and ADNOC may discuss additional shareholder support measures in 2027 if required to maintain BGI’s investment‑grade rating; all measures are subject to implementation of the contractual documentation and approvals by ADNOC’s corporate bodies.
Regulatory
Public disclosure of inside information is made in accordance with Article 17 MAR.
Source: OMV