March 26, 2020 / 9:06 AM / 4 days ago

OMV agrees instalments payment for Borealis

VIENNA, March 26 (Reuters) - OMV has agreed with Abu Dhabi state investor Mubadala to pay the $4.7 billion purchase price for the stake in plastics maker Borealis in tranches, the Austrian energy group said on Thursday. OMV said $2.34 billion should be paid at the closing of the transaction and the remaining part no later than end-December next year at a market interest rate. (Reporting by Kirsti Knolle Editing by Riham Alkousaa)

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