Business Strategy Borealis Intends to Launch Squeeze Out Offer for Fertilizer Division Rosier

Source: Press release Borealis

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Borealis has plans to launch a squeeze-out offer for its fertilizer business Rosier at a price of 20 Euros per share. The deal will be carried out in accordance with the Belgian Royal Decree on Public Squeeze-Out Offers however; it remains subject to receiving the report of the independent expert.

On June 10, 2022 Borealis announced its intention to launch a squeeze-out offer for Rosier. (Source:  Borealis)
On June 10, 2022 Borealis announced its intention to launch a squeeze-out offer for Rosier.
(Source: Borealis)

Vienna/Austria – On June 10, 2022 Borealis announced its intention to launch a squeeze-out offer for Rosier. Following the approval of the capital increase in Rosier by the extraordinary shareholders’ meeting on June 16, 2022 and as a result of the actual completion of such capital increase on July 29, 2022, Borealis’ shareholding in Rosier increased to 98.09 %. Borealis hereby reconfirms it intends to launch a squeeze-out offer for Rosier at a price of 20 Euros per share, in accordance with the Belgian Royal Decree on Public Squeeze-Out Offers.

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The launch of the squeeze-out offer remains subject to obtaining the report of the independent expert stating the elements referred to in article 6 of the Royal Decree.

An independent expert has been appointed in accordance with the Royal Decree in the first part of August 2022, and it is envisaged that the formal depositing of the squeeze-out file with the Belgian Financial Services and Markets Authority (FSMA) within the meaning of the Royal Decree will be done when the preparation of all required documentation has been substantially completed.

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