Abu Dhabi National Oil Company & Mubadala Investment Company announced a strategic transaction involving Borealis AG, one of Europe’s leading petrochemical companies. Under this agreement, ADNOC will acquire a 25% shareholding in Borealis from Mubadala. Financial details of the transaction are not being disclosed.Upon completion of the transaction, which is subject to customary closing conditions and regulatory approvals, Borealis will be owned 25% by ADNOC and 75% by OMV, an Austrian multi-national integrated oil, gas and petrochemical company listed on the Vienna Stock Exchange. Borealis is a leading global provider of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and mechanical recycling of plastics.The investment in Borealis extends ADNOC’s international footprint in the fast-growing chemicals and petrochemical sector, unlocking new opportunities in key markets where Borealis operates, particularly in Europe and the Americas. This transaction marks another important milestone as ADNOC accelerates the delivery of its Downstream and Industrial growth program, further expanding the Company’s long-standing partnership with Borealis.
Abu Dhabi National Oil Company & Mubadala Investment Company announced a strategic transaction involving Borealis AG, one of Europe’s leading petrochemical companies. Under this agreement, ADNOC will acquire a 25% shareholding in Borealis from Mubadala. Financial details of the transaction are not being disclosed.Upon completion of the transaction, which is subject to customary closing conditions and regulatory approvals, Borealis will be owned 25% by ADNOC and 75% by OMV, an Austrian multi-national integrated oil, gas and petrochemical company listed on the Vienna Stock Exchange. Borealis is a leading global provider of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and mechanical recycling of plastics.The investment in Borealis extends ADNOC’s international footprint in the fast-growing chemicals and petrochemical sector, unlocking new opportunities in key markets where Borealis operates, particularly in Europe and the Americas. This transaction marks another important milestone as ADNOC accelerates the delivery of its Downstream and Industrial growth program, further expanding the Company’s long-standing partnership with Borealis.
