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People & Business :: M&A

Borealis closes acquisitions of GPN and of majority stake in Rosier, will launch bid for remaining shares

1:07 AM MDT | July 1, 2013 | Natasha Alperowicz

Borealis has closed an agreement with Total to acquire its majority interest of 56.86% in Rosier (Moustier, Belgium), a fertilizer producer listed on NYSE Euronext Brussels and it has fully acquired GPN (Paris), Borealis announced today. Rosier has 2 production facilities based at Moustier, Belgium and Sas van Gent, Netherlands. Rosier markets its products in more than 80 countries. It generated sales of €278 million ($362.1 million) in 2012.    Borealis offered €192/share for Total’s majority interest. The gross dividend of...

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