Friday 29 March 2024
 
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Abu Dhabi IPIC

Abu Dhabi IPIC 'not eyeing OMV stake'

Abu Dhabi's International Petroleum Investment Company (IPIC), which has a 64 per cent stake in plastics products maker Borealis, is not in talks to buy Austrian energy company OMV's 36 per cent stake, said a top official.

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Abu Dhabi IPIC 'not eyeing OMV stake'

Abu Dhabi's International Petroleum Investment Company (IPIC), which has a 64 per cent stake in plastics products maker Borealis, is not in talks to buy Austrian energy company OMV's 36 per cent stake, said a top official.

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Abu Dhabi IPIC net profit up 6.7pc in H1

Abu Dhabi's state-owned fund International Petroleum Investment Company ( IPIC) said its net profit surged 6.7 per cent to Dh3.2 billion ($871 million) for the first half from last year's Dh3 billion helped by the recovery of equity mark

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Abu Dhabi IPIC arranging $2bn loan

Abu Dhabi's state-owned fund International Petroleum Investment Company (IPIC) is self-arranging a $2 billion refinancing loan, according to banking sources. The loan will be split between a $1 billion three-year facility payi

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IPIC mandates 6 for bond sale

Abu Dhabi-controlled IPIC has mandated six banks for a potential bond issue with roadshows taking in several European cities due to begin on Feb 28 in London, sources said on Wednesday. Goldman Sachs, Banco Santander, BNP Paribas, Credit A

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Abu Dhabi's Borealis eyes chemical acquisitions

Borealis, a joint venture between Abu Dhabi's International Petroleum Investment Company (IPIC) and Austria's OMV is eyeing mergers and acquisitions in the base chemicals sector in the as part of its expansion strategy, its chief executive

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