Adnoc, Borealis Will Sell 10% of Chemical JV Borouge in IPO
- Partners to list 3 billion Borouge shares on Abu Dhabi bourse
- Listing is the latest in a wave of Middle Eastern IPOs
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Abu Dhabi National Oil Co. and Borealis AG plan to sell a 10% stake in their petrochemical joint venture in an initial public offering, the latest in a string of blockbuster listings from the Middle East to push ahead even as volatility rocks global markets.