Borealis and YILDIRIM Announce Completion of the Sale of Borealis’ Shareholding in Rosier Sa to YILDIRIM Group’s YILFERT Holding
Borealis and YILDIRIM Announce Completion of the Sale of Borealis’ Shareholding in Rosier Sa to YILDIRIM Group’s YILFERT Holding
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.
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