History
Borealis was founded in 1994 by the merging of Neste and Statoil. In 1998 the petro chemistry sector of OMV was included; OMV and IPIC took over the 50% business share of Neste. In 2005 Statoil gave up its share of Borealis and one year later, in June 2006, the headquarter was relocated from Copenhagen to Vienna.
Borealis is owned 64% by the International Petroleum Investment Company (IPIC) of Abu Dhabi and 36% by OMV, the Austrian oil and natural gas group.
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