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Borealis and YILDIRIM announce binding agreement for YILFERT to launch mandatory takeover bid, followed by a squeeze out for Rosier SA

On 26 September 2022, Borealis AG and YILDIRIM Group’s YILFERT Holding announced that they signed a binding agreement for the acquisition of Borealis’ shares in Rosier SA. The closing of the acquisition of Borealis’ shares in Rosier SA is subject to certain regulatory approvals and Borealis concluding the squeeze out. Borealis currently holds 98.09% of Rosier SA shares and has previously announced its intention to launch a squeeze out offer for the remaining Rosier shares.

However, Borealis and Yildirim have agreed yesterday that the transaction will be closed upon the regulatory approvals being received, and that Yildirim will as soon as possible after such closing launch a mandatory takeover bid followed by a squeeze out for the remaining Rosier shares at a price of EUR 20 per share, in accordance with article 53 of the Belgian Royal Decree on Public Takeover Bids. Borealis will accordingly not launch a squeeze out offer.

* pursuant to article 8 of the Belgian Royal Decree on Public Takeover Bids

END

Media contacts:

Borealis

Virginia Wieser
Senior Manager, Corporate Communications,
Brand & Reputation
Yildirim Group

Kemal Ekin Aysel
Director, Government Affairs & Corporate Relations
T +43 1 22 400 772 (Vienna, Austria)
media@borealisgroup.com
T +90 (212) 290 30 80 (Istanbul, Turkey)
kemal.aysel@yildirimgroup.com


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22 11 07 YILDIRIM squeeze out English, Dutch, French, German
Media Contact
Virginia Wieser
Senior Manager, Corporate Communications, Brand & Reputation
+43 1 22 400 772
media@borealisgroup.com

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