International Petroleum Investment Co., an investment company owned by Abu Dhabi, may buy the remaining 36% in Borealis A/S from Austria’s OMV AG. (OMV)
“There’s always a possibility of that,” Chief Executive Mark Garrett told reporters today at an event in Abu Dhabi when asked whether IPIC, holder of 64%, planned to acquire the rest of the plastics maker.
“There currently are no talks in this direction,” Michaela Huber, a spokeswoman for OMV in Vienna, told Bloomberg by phone. IPIC Managing Director Khadem Al Qubaisi didn’t answer a call and text message to his mobile phone seeking comment.
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