Borealis will hold 77.47% of the shares in Rosier upon closing of the reopening of the bid
Today, Borealis announces that 6,182 Rosier shares were tendered in the framework of the reopening of the mandatory public takeover bid launched by Borealis on 2 September 2013 on all Rosier shares which were not already held by Borealis, which was reopened from 14 October 2013 until 4 November 2013. This represents 2.42% of the total number of shares issued by Rosier and 9.72% of the total number of Rosier shares to which the voluntary reopening of the public takeover bid relates. The publication of the results in the financial press, in accordance with article 32 juncto article 57 of the Royal Decree of 27 April 2007 on public takeover bids, takes place on 8 November 2013.
The payment of the shares which were offered during the acceptance period following the reopening of the bid is scheduled to take place on 8 November 2013.
After the closing of the acceptance period following the reopening of the bid, Borealis will hold 197,550 shares or 77.47% of the shares issued by Rosier. Borealis will not reopen the bid.
Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With headquarters in Vienna, Austria, Borealis currently employs around 6,200 and operates in over 120 countries. It generated EUR 7.5 billion in sales revenue in 2012. The International Petroleum Investment Company (IPIC) of Abu Dhabi owns 64% of the company, with the remaining 36% owned by OMV, the leading energy group in the European growth belt. Borealis provides services and products to customers around the world in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC).
Building on the unique Borstar® and BorlinkTM technologies and 50 years of experience in polyolefins, Borealis and Borouge support key industries including infrastructure, automotive and advanced packaging. The Borouge plant expansion in Abu Dhabi will be fully operational by mid-2014 with a total annual capacity of 4.5 million tonnes. After this Borealis and Borouge will have approximately 8 million tonnes of polyolefin capacity.
Borealis offers a wide range of base chemicals, including melamine, phenol, acetone, ethylene and propylene servicing a wide range of industries. Together with Borouge the two companies will produce approximately 6 million tonnes of Base Chemicals in 2014.
Borealis also creates real value for the agricultural industry with a large portfolio of fertilizers. The company distributes approximately 2.1 million tonnes per year. This volume will increase to around 5 million tonnes by the end of 2014.
Borealis and Borouge aim to proactively benefit society by taking on real societal challenges and offering real solutions. Both companies are committed to the principles of Responsible Care®, an initiative to improve safety performance within the chemical industry, and contribute to solve the world's water and sanitation challenges through product innovation and their Water for the WorldTM programme.
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Borstar is a registered trademark of the Borealis Group.
Borlink and Water for the World are trademarks of the Borealis Group.