On 10 June 2022 Borealis AG (Borealis) announced its intention to launch a squeeze-out offer for Rosier SA (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.
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Borealis is one of the world’s leading providers of advanced and sustainable polyolefin solutions and a European front-runner in polyolefins recycling. In Europe, we are a market leader in base chemicals and fertilizers. We leverage our polymer expertise and decades of experience to offer value adding, innovative and circular material solutions for key industries such as consumer products, energy, healthcare, infrastructure and mobility.
In re-inventing essentials for sustainable living, we build on our commitment to safety, our people, innovation and technology, and performance excellence. We are accelerating the transformation to a circular economy of polyolefins and expanding our geographical footprint to better serve our customers around the globe.
With head offices in Vienna, Austria, we employ 6,900 employees and operate in over 120 countries. In 2021, we generated total sales of EUR 12.342 EUR billion and a net profit of EUR 1,396 million. OMV, the Austria-based international oil and gas company, owns 75% of our shares, 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).
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