Download list
Locations / Sites
Contacts
Login
Back to News

Adhoc announcement: Borealis AG / Borealis Technology Oy has received a re-assessment decision from the Finnish tax authority for the year 2008

Financial Figures/Balance Sheet/Accounting and Audits

Vienna, 29 December 2014

Today, Borealis Technology Oy, a Finnish subsidiary of Borealis AG, Wagramer Strasse 17-19, 1220 Vienna ("Borealis"), has received a re-assessment decision from the Finnish tax authority regarding the year 2008. The Finnish tax authority requests Borealis to pay an additional total amount of EUR 281.7 million comprising of taxes, late payment interest and penalties.

Borealis believes the re-assessment to be unjustified and will appeal by filing a claim for adjustment with the Board of Adjustment of the Finnish tax authority. Furthermore, Borealis will also ask for a suspension of the payment pending the appeal.

The amount claimed, if in fact due, would not have a material adverse impact on Borealis' ability to conduct its business operations, including its payment obligations, and neither would a payment trigger any covenants or obligations under Borealis' existing financial contractual arrangements.

Mandatory information:
The following debt securities are listed at the Vienna Stock Exchange, Second Regulated Market
ISIN: AT0000A0VL70 Borealis-Anleihe 12-19
ISIN: AT0000A0H0V3 Borealis-Anleihe 10-17

Media Contact
Elisabeth Schopf
Group Funding Manager
+43 1 22 400 707
ir@borealisgroup.com
Jan-Martin Nufer
Vice President Treasury & Funding
+43 1 22 400 320
ir@borealisgroup.com

Related News

News – 24/02/2021

Operations during the COVID-19 pandemic, update 24 February 2021

Read more

Media Release – 23/02/2021

Borealis invests EUR 17.6 million to lower CO2 emissions, energy consumption, and flaring at plant in Finland

Read more

Media Release – 11/02/2021

The New Year brings new power to Stenungsund, Sweden: ten-year power purchase agreement for wind signed by Borealis, Gasum and Stena Renewable

Read more

Media Release – 05/02/2021

Thomas Gangl appointed new Borealis CEO as of 1 April 2021

Read more

Media Release – 04/02/2021

Borealis starts sales process for nitrogen business

Read more

Media Release – 04/02/2021

Borealis delivers solid financial result for 2020 in a volatile market environment

Read more

News – 25/01/2021

Borealis signed on to the Global Plastic Action Partnership

Read more

Media Release – 14/01/2021

Borealis and TOMRA open state-of-the-art plant for post-consumer plastic waste sorting and advanced mechanical recycling

Read more

News – 13/01/2021

New LPG dual fuel Very Large Gas Carrier ordered for Borealis by IINO

Read more