06 February 2013 21:10 [Source: ICIS news]
HOUSTON (ICIS)--Austria-based Borealis has made firm offers to Total for the company’s 56.86% interest in ?xml:namespace>
The offer to Total for Rosier is at €200/share, Borealis and Total said in separate statements. No numbers were released on the offer for GPN.
The planned transactions must be approved by the relevant authorities, including antitrust authorities in the countries concerned.
In the event Borealis acquires Total’s 56.86% interest in Rosier, it will be required to launch a mandatory public takeover bid for the remaining outstanding shares, Borealis said.
Borealis has been a key provider of nitrogen fertilizers in central
Borealis is a provider of solutions in the fields of polyolefins, base chemicals and fertlizers. It had sales of €7.1bn ($9.6bn) in 2011 and has 5,300 employees worldwide. It is owned by
Rosier is a mineral fertilizer manufacturer with production facilities in
GPN supplies about 25% of the French nitrogen fertilizer market, with revenue of €500m, Total said.
($1 = €0.74)
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