On 26 September 2022, Borealis AG and YILDIRIM Group’s YILFERT Holding announced that they signed a binding agreement for the acquisition of Borealis’ shares in Rosier SA. On 2 January 2023, such sale of Borealis’ shares in Rosier SA to Yilfert Holding has been completed. Following the completion of the sale, Borealis no longer holds any shares in Rosier SA. In accordance with the press release dated 8 November 2022, Yilfert Holding, which following the completion of the sale holds 98.09% of the shares in Rosier SA, will launch a mandatory takeover bid followed by a squeeze out for the remaining Rosier shares at a price of EUR 20 per share, in accordance with article 50 of the Belgian Royal Decree on Public Takeover Bids.

 

YILDIRIM is a global industrial group which is active in 9 sectors: metals & mining, port management, fertilizers & chemicals, energy & power, shipping & logistics, energy commodities, international trade, construction & real estate, and financial services. The foundations of YILDIRIM Group date back to 1963, and the group has continuously broadened its focus through new subsidiaries since its establishment. By entrepreneurship and constant innovation, it has evolved into an industrially diversified group of companies.