INEOS Group acquires Borealis AS and secures ownership of Noretyl Cracker at Rafnes
05 Jun 2007
INEOS Group today announced it has reached agreement to acquire the Borealis AS petrochemical business in Norway for EUR 290 million, debt free. The deal includes 50% of the Noretyl ethylene cracker at Rafnes and associated downstream, integrated businesses at the nearby Bamble polyolefins site.