Borealis now owns majority interest in Rosier SA

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, has sealed an agreement with TOTAL to acquire its majority interest of 56.86% in Rosier SA.

Rosier – listed on NYSE Euronext Brussels - is a mineral fertilizer manufacturer with two production facilities (Moustier in Belgium and Sas van Gent in the Netherlands) and markets its products in more than 80 countries worldwide. Rosier generated sales of EUR 278 million in 2012.

Borealis has offered EUR 192 per share (coupons n° 28 and following attached) for TOTAL’s majority interest. The gross dividend of EUR 8 per share – approved by the Annual General Meeting on June 20th 2013 (paid on June 28th, 2013) and represented by coupon n°27 - has been deducted from the price of EUR 200 per share offered to TOTAL as mentioned in the press release dated February 6th, 2013.

On the same date, Borealis also completed the acquisition of GPN SA. GPN SA is France’s largest nitrogen fertilizer manufacturer. Borealis is already active in nitrogen fertilizers in Central Europe, as well as in France following its acquisition of PEC-Rhin SA, today known as Borealis PEC-Rhin SAS, in early 2012.

“These acquisitions are in line with our strategy to grow our fertilizer business, to keep our  number 1 position  in Central and Eastern Europe and to become a leading producer in Europe”, says Mark Garrett, Borealis Chief Executive. “We believe that fertilizers in Europe are an economically sustainable and attractive area of activity and we are committed to invest in the assets to ensure reliable production and customer service. We are happy to welcome our new colleagues in France, Belgium and the Netherlands to the Borealis Group and are looking forward to a successful cooperation.”