ADNOC Acquires 25% Stake in Borealis

Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company (Mubadala) announced a strategic transaction involving Borealis AG (Borealis), 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 AD…

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Source: Webwire.com
ADNOC Acquires 25% Stake in Borealis