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Borealis made offer to acquire PEC-Rhin from GPN

Borealis, a leading international provider of chemical and innovative plastics solutions and a major player in fertilizers in Central Europe, has made a firm offer to GPN to acquire PEC-Rhin in its entirety. This is related to GPN, which owns a 50% interest in PEC-Rhin, having exercised its pre-emption right for the remaining 50% stake from BASF SE.

Following this firm offer, the relevant employee representatives are being informed and consulted on the proposed sale to Borealis. The transaction is subject to the approval of the relevant antitrust authorities.

END

For further information please contact:

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

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Borealis gibt bindendes Angebot an GNP zur Akquisition von PEC-Rhin English, German
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Virginia Mesicek
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