Plastics venture Borouge meets potential IPO investors, bankers say | Reuters
Borouge, a plastics joint venture between Abu Dhabi National Oil Co (ADNOC) and Austria's Borealis, held its first meetings with investors to gauge interest in its planned initial public offering (IPO), bankers and buy-side managers told Reuters.
The company, which manufactures plastics used in cars and food packaging among many other products, is considering a public share sale with a listing in Abu Dhabi. read more
Borouge's management met potential investors in a so-called 'early look' roadshow, said the sources, who declined to be named because the matter is not public.
The company did not immediately respond to a request for comment.
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