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Rosier S.A.
M&A Activity • Aug 10, 2022
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M&A Activity
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Media Release Vienna, Austria 10 August 2022
Borealis confirms intention to launch squeeze out offer for Rosier
On 10 June 2022 Borealis AG (Borealis) announced its intention to launch a squeeze-out offer for Rosier SA (Rosier). Following the approval of the capital increase in Rosier by the extraordinary shareholders' meeting on 16 June 2022 and as a result of the actual completion of such capital increase on 29 July 2022, Borealis' shareholding in Rosier increased to 98.09%. Borealis hereby reconfirms it intends to launch a squeeze-out offer for Rosier at a price of EUR 20 per share, in accordance with the Belgian Royal Decree on Public Squeeze-Out Offers.
The launch of the squeeze-out offer remains subject to obtaining the report of the independent expert stating the elements referred to in article 6 of the Royal Decree.
An independent expert has been appointed in accordance with the Royal Decree in the first part of August 2022, and it is envisaged that the formal depositing of the squeeze-out file with the Belgian Financial Services and Markets Authority (FSMA) within the meaning of the Royal Decree will be done when the preparation of all required documentation has been substantially completed.
This communication does not constitute a formal notification of a squeeze-out offer within the meaning of the Royal Decree.
END
Media contact:
Virginia Wieser Senior Manager, Corporate Communications, Brand & Reputation tel.: +43 1 22 400 772 (Vienna, Austria) e-mail: [email protected]
Investor relations:
Elisabeth Schopf Group Funding Manager Tel.: +43 1 22 400 707 (Vienna, Austria) e-mail: [email protected]
Borealis is one of the world's leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics. We leverage our polymers expertise and decades of experience to offer value adding, innovative and circular material solutions for key industries. In re-inventing for more sustainable living, we build on our commitment to safety, our people and excellence as we accelerate the transformation to a circular economy and expand our geographical footprint.
With head offices in Vienna, Austria, Borealis employs 6,900 employees and operates in over 120 countries. In 2021, Borealis generated total sales and other income of EUR 10,153 million and a net profit of EUR 1,396 million. OMV, the Austria-based international oil and gas company, owns 75% of Borealis, while the remaining 25% is owned by a holding company of the Abu-Dhabi based Mubadala. We supply services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar™ (with TotalEnergies, based in the US).
www.borealisgroup.com | www.borealiseverminds.com
EUROPE-LEGAL-261508311/1 156113-0031 Borealis AG | Trabrennstr. 6-8 | A-1020 Vienna | Austria Tel +43 1 22 4000 | Fax +43 1 22 400 333 www.borealisgroup.com | reg no FN 269858 a