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Ipic, OMV in Borealis deal
- United Arab Emirates: Saturday, December 30 - 2006 at 09:21
Abu Dhabi's International Petroleum Investment Company and central Europe's oil and gas group OMV are planning to incorporate melamine producer AMI Agrolinz Melamine International into Borealis, an Austrian based plastics manufacturer. OMV and Ipic each hold a 50% stake in AMI, while Ipic holds a majority shareholding in Borealis. The final decision will be made in the first half of 2007.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 30 - 2006 at 09:21 UAE local time (GMT+4)
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This article was updated on Sat Jan 13 2007.
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