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BOREALIS COMPLETES SALE OF PORTUGUESE OPERATIONS TO REPSOL YPF
30 November 2004 - Borealis A/S
| The European Commission has cleared the Borealis sale of all assets of the petrochemical complex at Borealis Polímeros Lda, in Sines, Portugal to the Repsol YPF group based in Spain. The completion of the transaction took place on 30 November 2004.
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The European Commission has cleared the Borealis sale of all assets of the petrochemical complex at Borealis Polímeros Lda, in Sines, Portugal to the Repsol YPF group based in Spain. The completion of the transaction took place on 30 November 2004. This divestment allows Borealis to concentrate on four major European hubs - Austria, Belgium, Finland and Scandinavia -- thus strengthening competitiveness and sustaining future growth. Iberia remains an important market for Borealis, which means that its Customer Service Centre in Barcelona is being maintained.
http://www.borealisgroup.com
About: Borealis A/S
Borealis is a leading provider of plastics solutions with more than 40 years of experience in polyethylene (PE) and polypropylene (PP). Borealis solutions are converted by its customers into everyday products such as food packaging, medical devices, diapers, pipes, automotive parts and power cables.Borealis is owned 50% by the Norwegian oil company, Statoil, and 50% by IOB Holdings, owned equally by OMV, the Austrian oil and natural gas group, and by the International Petroleum Investment Company (IPIC) of Abu Dhabi. |
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• For November 2004
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• For Polyolefins (polyethylene and polypropylene)
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