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Borealis to buy assets to complement its existing businesses

September 30/2011

(Plastemart) -- Borealis AG wants to buy assets to complement its existing businesses, as per Bloomberg, but currently has no deals on the table. Borealis is 64% owned by Abu Dhabis International Petroleum Investment Co., with the rest is held by OMV AG, an Austrian refiner and oil and gas producer. Borealis would like to acquire olefin and polyolefin assets or ammonia and urea businesses.

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