Adnoc and Borealis plan $2 billion IPO of Borouge plastics joint venture

Abu Dhabi National Oil Co. and Borealis AG plan to sell a 10% stake in their Borouge plastics joint venture through an IPO, seeking to raise about $2 billion. The sale could be announced as early as May 2022.

“Abu Dhabi National Oil Co. and Borealis AG are seeking to raise about $2 billion from an initial public offering of their plastics joint venture.”bloomberg.com

• 2 sources
• bloomberg.comAdnoc, Borealis Seek $2 Billion From IPO of Plastics JV - BloombergJulia Fioretti, Nicolas Parasie, Anthony Di Paola, Archana NarayananApr 22, 2022
• asharqbusiness.com"أدنوك" و"بورياليس" تطرحان 10% من أسهم "بروج" للاكتتاب العام في أبوظبي | الشرق بلومبرغMay 17, 2022

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