Products
Downloads
Locations / Sites
Contacts
Download list
Back

Borealis offers to acquire all outstanding shares of TOTAL affiliate GPN SA

Borealis, a leading provider of chemical and innovative plastics solutions, has made a firm offer to TOTAL to purchase all outstanding shares of GPN SA, France’s largest nitrogen fertilizer manufacturer. 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.

Fertilizers are a non-strategic business for TOTAL. In joining Borealis, GPN — which is well established in France and has benefited from a vast investment plan in recent years — would enjoy new growth opportunities, including in the global marketplace.

Borealis' offer for GPN includes clear undertakings to continue operations and to maintain jobs at the company’s production facilities and headquarters. This offer and Borealis’ offer (described in a separate press release) to acquire TOTAL’s 56.86% interest in Belgium’s Rosier SA, listed on NYSE Euronext in Brussels, will now be presented to the employee representatives concerned, as part of the information and consultation procedures.

The transaction is subject to approval by the relevant competition authorities.

Grande Paroisse SA, which carries all the liabilities of AZF in Toulouse, is not covered by the planned acquisition.

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 offers to acquire all outstanding shares of TOTAL affiliate GPN SA English, Dutch, French, German
Media Contact
Virginia Mesicek
External Communications Manager

Related News

Media Release – 23/04/2018

The JKU Open Lab: enough young researchers to fill a stadium

Read more

Media Release – 16/04/2018

Bringing energy all around at WIRE 2018

Read more

Media Release – 09/04/2018

Borealis to study feasibility of an Advanced High Pressure based Polymer asset in China

Read more

Media Release – 06/04/2018

Borealis Supervisory Board announces the appointment of Alfred Stern as new CEO following on from their highly regarded CEO, Mark Garrett, who has decided to step down

Read more

Media Release – 26/03/2018

Borealis and UCC sign Joint Development Agreement in Abu Dhabi for advancing world-scale polyethylene project during the visit of the President of Kazakhstan with the Crown Prince of Abu Dhabi

Read more

Media Release – 21/03/2018

Borealis inaugurated newly expanded high voltage testing centre in Stenungsund, Sweden

Read more

News – 09/03/2018

Annual Report 2017 out now

Read more

Media Release – 08/03/2018

Be a STaR, live chemistry!

Read more

Media Release – 07/03/2018

Rethinking automotive design with lightweight material solutions based on Borealis Fibremod™ Carbon and Daploy™

Read more