Abu Dhabi – Mubasher: Borouge has issued a notification of change in ownership after Borouge Group International AG completed the acquisition of the majority stake by owning 90% of the company’s share capital.
Towards the formation of Borouge Group, the entity acquired Abu Dhabi National Oil Company’s (ADNOC) stake, representing 54% of Borouge plc’s share capital, according to a bourse filing.
In addition, the group took over Borealis Middle East Holding GmbH’s 36% stake in the listed Borouge company.
With each acquisition case concluded after fulfilling the necessary legal and regulatory conditions, Borouge Group International AG has become the major shareholder in Borouge company, which recently announced an agreement through Abu Dhabi Polymers with the owners of Borouge 4 LLC.
In 2025, Borouge delivered net profits worth $1.09 billion and revenue of $5.84 billion.
