Back to News

Borealis has made a firm offer to TOTAL for its majority interest in Belgium’s Rosier SA

Issued under Article 8, paragraph 1 of the Belgian Royal Decree of April 27, 2007 on public takeover bids.

Borealis, a leading provider of chemical and innovative plastics solutions, has made a firm offer to TOTAL for its entire 56.86% interest in Belgium’s Rosier SA, listed on NYSE Euronext Brussels. Borealis is already active in nitrogen fertilizers in Central Europe as well as in France, following its acquisition of PEC-Rhin SA, today known as Borealis PEC-Rhin SAS, in early 2012. Borealis has offered EUR 200 per share for TOTAL’s majority interest.

This offer as well as Borealis’ offer (described in a separate press release) to acquire all outstanding shares in France’s GPN SA will now be presented to the employee representatives concerned, as part of the information and consultation procedures.

The proposed transaction is subject to the approval of the relevant authorities, in particular, the antitrust authorities in the countries concerned. The proposed acquisition of Rosier shares will furthermore only be completed if Borealis simultaneously acquires all outstanding shares of France’s GPN.

In the event Borealis acquires the 56.86% interest in Rosier, it will be required to launch a mandatory public takeover bid for the remaining outstanding shares. In application of Article 53 of the Belgian Royal Decree of April 27, 2007 on public takeover bids and on the basis of a decision by the Autorité des services et marchés financiers (“FSMA”), Belgium’s market regulator, Borealis will under such a bid offer a price of EUR 211.38 per Rosier share, coupons n° 27 and following attached. The offer price corresponds to the volume weighted average price of Rosier shares on the NYSE Euronext Brussels stock exchange for the 30 calendar days period ending on, and including, the day of announcement of the proposed transaction, i.e. February 6, 2013. This price is higher than the price per share offered by Borealis for TOTAL’s 56.86% interest in Rosier. Borealis has not traded in Rosier shares over the last 12 months. As a result, the offer price meets the minimum price requirement under Belgian takeover legislation. Borealis intends to proceed with a squeeze-out if it obtains 95% or more of the Rosier shares by the end of the bid.

END

For further information please contact:

Kerstin Meckler, Director Communications
Tel. +43 (0)1 22 400 389 (Vienna, Austria)
e-mail: kerstin.meckler@borealisgroup.com 

Downloads
Borealis has made a firm offer to TOTAL for its majority interest in Belgium’s Rosier SA English, Dutch, French, German
Media Contact
Virginia Wieser
Senior Manager, Corporate Communications, Brand & Reputation

Latest News

Media Release – 13/01/2022

Borealis and Reclay Group establish a unique strategic partnership to tackle the challenge of plastic packaging waste and its recycling

Read more

Media Release – 12/01/2022

Borealis appoints Dirk Langhammer as Vice President Strategy & Group Development

Read more

Media Release – 21/12/2021

Borealis Social Fund supports non-profit organisations Sheltersuit UK and Caritas Austria to help homeless people during Winter time

Read more

Media Release – 15/12/2021

Borealis acquires minority stake in UK-based sustainable packaging innovator Bockatech

Read more

Media Release – 07/12/2021

Borealis extends its partnership with UAE educational and social organisations

Read more

News – 19/11/2021

Operations during the COVID-19 pandemic, update 19 November 2021

Read more

Media Release – 15/11/2021

Khaled bin Mohamed bin Zayed witnesses signing of USD 6.2 billion strategic partnership between ADNOC and Borealis to expand Borouge facility

Read more

Media Release – 05/11/2021

On announces CleanCloud™ - turning carbon emissions into running shoes in cooperation with LanzaTech and Borealis

Read more

Media Release – 03/11/2021

Zero pellet loss certification scheme piloted at Borealis production locations

Read more