Shearman & Sterling advised the Abu Dhabi National Oil Company (ADNOC) in relation to the acquisition of a 25% shareholding in Borealis AG from Mubadala Investment Company. Borealis is a leading global provider of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and mechanical recycling of plastics.

Upon completion of the transaction, which is subject to customary closing conditions and regulatory approvals, Borealis will be owned 25% by ADNOC and 75% by OMV, an Austrian multi-national integrated oil, gas and petrochemical company listed on the Vienna Stock Exchange.

The Team