Publication Date:
Tue, 2011-04-12 21:11
“There is always a possibility of that. They [IPIC] could raise the stake,” Mark Garrett said in Abu Dhabi.
He said IPIC could buy shares through an initial public offering (IPO) through which joint owner, Austria’s OMV, said three weeks ago that it planned to sell shares it owns in Borealis.
IPIC officials were not available for comment. Borealis is owned 64 percent by IPIC and 36 percent by OMV.
Borealis is also looking at acquisitions in the fertilizers and polyolefins sector in Europe, Asia and the Middle East, Garrett said.
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