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Adnoc-Borealis Plastics Joint Venture Seek $2 Billion from IPO: Report
April 24th, 2022 - 11:45 GMT

Adnoc-Borealis Plastics Joint Venture Seek $2 Billion from IPO: Report

UAE's Abu Dhabi National Oil Co. (Adnoc) and Austria’s chemical producer Borealis AG are aiming to raise about $2 billion from an initial public offering (IPO) of their plastics joint venture, Bloomberg reported citing anonymous resources. The state-owned energy company and Borealis plan to to float 10% of their plastics joint venture, Borouge, by the end of this quarter. According to the sources, the initial share sale could value Borouge ...
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