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Borealis and ADNOC Consider Borouge Listing


Borealis AG (Borealis) and Abu Dhabi National Oil Company (ADNOC) are considering a potential initial public offering (IPO) of a minority stake in their joint venture Borouge. Headquartered in Abu Dhabi, Borouge is a leading provider of innovative, value creating plastics solutions.

Borealis and ADNOC will provide further material updates as and when appropriate.

END

Notes to Editors

  • Borouge consists of Borouge ADP (Production company) and Borouge Pte (Sales and Marketing company).
  • ADNOC holds 60% in Borouge ADP, with Borealis holding 40%. Both companies have a 50% shareholding in Borouge Pte.

Media contacts:

Borealis:ADNOC:
Virginia Wieser
Senior Manager, Corporate Communications, Brand & Reputation
tel.: +43 1 22 400 772 (Vienna, Austria)
e-mail: Virginia.Wieser@borealisgroup.com
Oliver Thompson
Manager, Financial Communications
tel.: +971 (0) 50 851 8998 (Abu Dhabi, UAE)
e-mail: media@adnoc.ae
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2022 02 15 Borealis and ADNOC Consider Borouge Listing EN English, German
Media Contact
Virginia Wieser
Senior Manager, Corporate Communications, Brand & Reputation

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