Borealis AG (Borealis) intends to launch a squeeze-out offer for Rosier SA (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 will be subject to obtaining the report of the independent expert stating the elements referred to in article 6 of the Royal Decree, and to the actual completion of the capital increase, for which the approval is on the agenda of the extraordinary shareholders’ meeting on 16 June 2022. After the envisaged capital increase, Borealis would hold a stake of approximately 98% in the Company.
This communication is only the expression of an intention and does not constitute a formal notification of a squeeze-out offer within the meaning of the Royal Decree. If Borealis decides to formally launch such offer, it will deposit in due course a file with the Belgian Financial Services and Markets Authority (FSMA), including a draft prospectus.
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Media contacts:
| Group Communications: | Investor relations: |
| Virginia Wieser Senior Manager, Corporate Communications, Brand & Reputation tel.: +43 1 22 400 772 (Vienna, Austria) e-mail: media@borealisgroup.com | Elisabeth Schopf Group Funding Manager tel.: +43 1 22 400 707 (Vienna, Austria) e-mail: Elisabeth.Schopf@borealisgroup.com |
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)
www.borealisgroup.com | www.borealiseverminds.com
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