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OMV: No Intention to Sell Stake in Borealis

Posted by March 27, 2015

Austrian energy group OMV does not plan to sell its 36-percent stake in plastics maker Borealis, supervisory board chief Rudolf Kemler said on Friday.
 
Abu Dhabi's IPIC, which holds around a quarter of OMV, owns the remaining 64 percent in Borealis. Rumours that IPIC wants to exit OMV are not true, Kemler said.
 
 
(Reporting by Alexandra Schwarz-Goerlich; writing by Shadia Nasralla; editing by Jason Neely)

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