OMV AG’s Borealis unit should reconsider talks with EuroChem AG on selling its fertilizer business (GM Feb. 4, p. 1) after Russia’s invasion of Ukraine, Economy Minister for Upper Austria Markus Achleitner told Oberoesterreichische Nachrichten, according to a Bloomberg report.
“In light of these terrible acts, everything is up for review. That’s why this merger needs to be questioned,” said Achleitner. The Switzerland-based EuroChem is controlled by Russian billionaire Andrey Melnichenko.