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Borealis looking to buy more assets

Mark Garrett, CEO of Borealis AG, a chemicals and plastics maker that's majority-owned by an Abu Dhabi investment fund, has said the company is looking to buy assets to complement its existing businesses, Bloomberg has reported. Borealis would like to acquire olefin and polyolefin assets or ammonia and urea businesses, Garret said. The company was in talks over assets four or five months ago before pulling out due to cost considerations, Garrett told reporters in Abu Dhabi. "There's an opportunity" in the market, Garrett said, adding that companies it had approached often sought a premium.