ADNOC acquires 25% stake in Austria’s Borealis from Mubadala

Abu Dhabi National Oil Company has bought a 25% stake in Austria’s Borealis from the UAE’s sovereign wealth fund Mubadala, the company said in a statement April 29. The investment will allow ADNOC to expand into the chemical and petrochemical sectors in Europe and the Americas, the company said in a statement. The transaction comes ahead of the planned listing…