Borouge, a chemical company, raised US$2 billion in an IPO in Abu Dhabi, generating US$83 billion in orders

The primary oil company of the United Arab Emirates and Borealis raised US$2 billion in their chemicals joint venture's initial public offering, attracting US$83 billion in orders in the latest hint of robust demand for listings in the region.

The IPO of Borouge is Abu Dhabi's l...

ADNOC and Borealis will sell a 10% stake in their joint venture polymer giant Borouge to the public

On Wednesday, Abu Dhabi National Oil Company (ADNOC) and its long-time partner Borealis AG announced their plan to list 10% of Borouge plc, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX) in an initial public offering (IPO).

Subject to regulatory approvals...

Adnoc purchases a 25% interest in Borealis

On Friday, the Abu Dhabi National Oil Company (Adnoc) and Mubadala Investment Company (Mubadala) established a strategic partnership with Borealis AG (Borealis), one of Europe's premier petrochemical firms. Adnoc will purchase a 25% stake in Borealis from Mubadala under the terms of the agree...

Borealis is seeking to expand its market globally by joint ventures with India and Europe

Borealis, a chemicals company operated by Mubadala and co-owner of the largest chemical plant in the UAE, is seeking to expand its market globally by joint ventures with Adnoc in India and acquisitions of plastics recycling facilities in Europe, his chief executive said.

The Austrian bu...