Update of June 16, 2025
The change of Borealis' legal form to Borealis GmbH has now taken place.
Vienna, Austria, May 15, 2025 - In preparation for the formation of Borouge Group International, the shareholders of Borealis AG have decided to change the company's legal form to a limited liability company (GmbH). This change will become legally effective upon registration with the commercial register, within the next few days.
Consequently, the company name will change from Borealis AG to Borealis GmbH. Borealis GmbH (formerly Borealis AG) remains headquartered in Vienna, Austria. The company will stay registered in the commercial register under FN 269858 a with the Commercial Court of Vienna. This change will not impact Borealis' contracts with suppliers or customers, and the company will continue to operate as usual. The bank details of the company remain unchanged. Borealis stakeholders are proactively informed.
In March, Borealis’ shareholders OMV and ADNOC signed a binding agreement for the combination of their shareholdings in Borealis and Borouge into Borouge Group International.
Both companies will hold equal shares and equal decision-making rights. The new entity will be excellently positioned to create value and generate through-the-cycle shareholder returns, supported by synergies and a strong pipeline of organic growth projects. The acquisition of North American-based Nova Chemicals will further strengthen Borouge Group International’s presence across the Americas and increase its exposure to advantaged feedstock. The transactions will be closed simultaneously, with expected completion in Q1 2026, subject to regulatory approvals and other customary conditions.
Please note that any questions regarding Borouge Group International as such should be addressed to our majority shareholder, OMV.
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