ADNOC agrees to acquire Mubadala's 25% stake in Borealis

ADNOC has entered an agreement to purchase Mubadala Investment Co.'s entire 25% interest in Borealis AG, becoming co-owner alongside OMV AG (75%). The transaction is subject to regulatory approvals.

“The proposed transaction comes as part of ADNOC’s broader program to expand its international footprint in the growing chemicals and petrochemical sector.”ogj.com

• 1 source
• ogj.comADNOC inks deal for stake in Borealis | Oil & Gas JournalRobert BrelsfordMay 3, 2022

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