OMV Adjusts Dividend Policy Following Adnoc Deal

Dow Jones

Oct 06, 2025

By Adam Whittaker

OMV adjusted its shareholder distribution policy to reflect its deal with Abu Dhabi's Adnoc to create petrochemical company Borouge Group International.

The Austrian oil-and-gas company said late Friday that the revised policy would ensure its shareholders benefit from BGI's performance. OMV is set to own a 46.94% stake in the company and the deal is expected to close in the first quarter of 2026.

OMV will retain its progressive regular dividend plus an additional variable dividend. The variable dividend will be payable when the company's leverage ratio is below 30% and sufficient funds are available.

OMV said it would distribute 50% of the BGI dividends attributable to OMV, plus 20% to 30% of operating cash flow excluding BGI dividends attributable to OMV.

This will ensure that OMV shareholders can directly benefit from the BGI transaction, the company said.

The new plan would have delivered a higher dividend per share compared to its current dividend policy on a pro forma basis for 2024, OMV said.

The new dividend policy will apply in 2026 with dividends to be paid in 2027.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

October 06, 2025 01:36 ET (05:36 GMT)

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