ADNOC to transfer 24.9% stake in OMV to investment subsidiary XRG
The transfer is aligned with ADNOC's strategy to consolidate its international growth investments under XRG.
XRG will also hold ADNOC's proposed 46.94% stake in the yet-to-be established Borouge Group International upon completion of the transaction.
(Writing by Bindu Rai, editing by Seban Scaria)
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