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.

 

ROSIER S.A. is a mineral fertiliser manufacturer based in Moustier (Belgium) since 1880. The company is listed on the Brussels Euronext Stock Market and is part of the Borealis Group chemical division.