OMV increases stake in Borealis
Published by Lydia Woellwarth,
Editor
World Pipelines,
OMV, the international integrated gas and oil company headquartered in Vienna, Austria, and Mubadala Investment Company, the Abu Dhabi-based strategic investment company, have signed an agreement that will give OMV a controlling stake in Borealis, one of Europe’s leading petrochemical companies. OMV, which currently owns a 36% stake in Borealis, will acquire an additional 39% from Mubadala, increasing its stake to 75%. Mubadala will retain a 25% interest. The closing of the transaction is expected by the end of 2020 and is subject to regulatory approvals.
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Read the article online at: https://www.worldpipelines.com/business-news/12032020/omv-increases-stake-in-borealis/
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