The new center aims to create a collaborative ecosystem for developing innovations and solutions for the Adhesive Technologies business unit, as well as being a hub for training, capacity building and interaction with customers and partners in the region.
With the completion of the deal, ADNOC holds a 24.9% stake, Österreichische Beteiligungs retains a 31.5% share, while the rest of the share capital is publicly traded. ADNOC plans to nominate two representatives to the OMV supervisory board, aligning with the governance processes of OMV.
The Chemours Company (Wilmington, Delaware) has placed its CEO, CFO and one other official on leave as it investigates practices related to ethics hotline complaints, management of working capital and reporting of certain metrics. Chemours shares were down 33% at 12 pm ET on Feb. 29 because of the news.