# 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.

- Type: Investment
- Announced: 2022-04-22
- Where: Abu Dhabi, United Arab Emirates
- Value: $2.00B
- Status: announced
- Products: plastics
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Abu Dhabi National Oil Company](https://endata.com/companies/5511.md)
- [Borouge](https://endata.com/companies/8678.md)
- [Borealis](https://endata.com/companies/242.md) (investor)
- [Borealis](https://endata.com/companies/242.md) (partner)
- [ADNOC](https://endata.com/companies/2481.md) (investor)

## Sources

- [bloomberg.com](https://www.bloomberg.com/news/articles/2022-04-22/adnoc-borealis-said-to-seek-2-billion-from-ipo-of-plastics-jv), 2022-04-22: "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."
- [asharqbusiness.com](https://asharqbusiness.com/financial-markets/20895/%D8%A3%D8%AF%D9%86%D9%88%D9%83-%D9%88%D8%A8%D9%88%D8%B1%D9%8A%D8%A7%D9%84%D9%8A%D8%B3-%D8%AA%D8%B7%D8%B1%D8%AD%D8%A7%D9%86-10-%D9%85%D9%86-%D8%A3%D8%B3%D9%87%D9%85-%D8%A8%D8%B1%D9%88%D8%AC-%D9%84%D9%84%D8%A7%D9%83%D8%AA%D8%AA%D8%A7%D8%A8-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D9%81%D9%8A-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A/), 2022-05-17: "تخطط شركة بترول أبوظبي الوطنية (أدنوك) وشريكتها النمساوية للكيماويات 'بورياليس' لطرح عام أولي لمشروعهما المشترك 'بروج للبتروكيماويات'."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.