Deals
UAE Chemical Maker Eyes Expansion Even as Merger Talks Continue
- Borouge expects increasing sales in Asia despite current slump
- CEO Al Suwaidi sees synergies with Borealis if merger is done
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The United Arab Emirates’s biggest chemicals producer Borouge Plc is seeking further expansion opportunities, even as it pursues a €30 billion ($32.8 billion) tie-up with a unit of Austria’s OMV AG.