Back to News

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


Downloads
22 11 07 YILDIRIM squeeze out English, Dutch, French, German
Media Contact
Group Media desk
Virginia Wieser, Lena Lehner
+43 1 22 400 899 (Vienna, Austria)
media@borealisgroup.com

Latest News

News – 18/04/2024

Borealis and Borouge expand HVDC production capacity to meet the needs of the energy transition

Read more

Media Release – 09/04/2024

Borealis invests EUR 4.5 million in Porvoo steam cracker, enabling increased share of circular raw materials used in production

Read more

Media Release – 02/04/2024

Borealis further expands its advanced mechanical recycling capacity with closing the acquisition of Integra Plastics AD

Read more

Media Release – 28/03/2024

FDA clears Borealis’ Borcycle™ M recycled plastics for use in food-grade packaging

Read more

News – 27/03/2024

Update on the Kallo Case

Read more

Media Release – 26/03/2024

Borealis and AKVA group launch groundbreaking Polarcirkel™ workboat hull crafted from renewable feedstock-based plastic

Read more

News – 22/03/2024

Annual Report 2023 published

Read more

Media Release – 20/03/2024

Project STOP marks further major milestones in 2023 and makes significant progress in the Project STOP Banyuwangi Hijau expansion program

Read more

Media Release – 19/03/2024

Borealis once again ranked first among top applicants in the European Patent Index 2023 in Austria

Read more