Borealis becomes 100% owner of FEBORAN OOD/Bulgaria
| Subj: Press-releses
Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, announces that it has become a 100% shareholder of FEBORAN OOD/Bulgaria, after acquiring 60% of the shares from First Energy Bank of Bahrain.
FEBORAN EOOD (Single Member Limited Liability Company) is holding a 20.3% stake in the stock listed Fertilizer company Neochim AD in Bulgaria. With this transaction Borealis will further strengthen its footprint in the fertilizer business in the South-East European region.