According to the company’s website media release on September 26, Borealis AG and YILDIRIM Group’s YILFERT Holding signed a binding agreement for the acquisition of Borealis’ shares in Rosier SA. The offer values the business (enterprise value) at EUR 35 million, resulting in a valuation of roughly EUR 11.65 per share. Borealis currently holds 98.09% of Rosier SA shares and has announced its intention to launch a squeeze out offer for the remaining Rosier’s shares at a price of EUR 20 per share in accordance with the Belgian Royal Decree on Public Squeeze-Out Offers. The closing of the transaction is subject to certain regulatory approvals and Borealis concluding the squeeze out.
YILDIRIM Group is one of the fastest-growing Dutch-Turkish industrial conglomerates headquartered in Istanbul, Turkey. As of today, YILDIRIM is active in 9 different sectors, with a presence in 54 countries on 5 continents, employing more than 20,000 people. YILDIRIM’s main business sectors are port management, metals & mining, fertilizers & chemicals, shipping & logistics, energy & power and energy commodities. The Group also owns 24% shares of CMA CGM Group, the world’s third biggest shipping & logistics company. YILDIRIM Group is wholly owned by the brothers Ali Riza YILDIRIM and Robert Yuksel YILDIRIM. The Group has achieved sustainable organic and inorganic growth through numerous mergers and acquisitions activities for the last 20 years, focusing on investments and privatisations across the world.
Borealis will continue to focus on its core activities of providing innovative and sustainable solutions in the fields of polyolefins and base chemicals and on the transformation towards a circular economy.
Media contacts:
Borealis
Virginia Wieser
Senior Manager, Corporate Communications, Brand & Reputation
tel.: +43 1 22 400 772 (Vienna, Austria)
e-mail: media@borealisgroup.com
Yildirim Group
Kemal Ekin Aysel
Director, Government Affairs & Corporate Relations
tel.: +90 (212) 290 30 80 (Istanbul, Turkey)
About Borealis
Borealis is one of the world’s leading providers of advanced and sustainable polyolefin solutions and a European front-runner in polyolefins recycling. In Europe, Borealis is a market leader in base chemicals and fertilizers. Borealis leverages Borealis polymer expertise and decades of experience to offer value-adding, innovative and circular material solutions for key industries such as consumer products, energy, healthcare, infrastructure and mobility. In re-inventing essentials for sustainable living, Borealis builds on the company's commitment to safety, their people, innovation and technology, and performance excellence. Borealis is accelerating the transformation to a circular economy of polyolefins and expanding the company's geographical footprint to better serve Borealis customers around the globe.
With head offices in Vienna, Austria, Borealis employs 6,900 employees and operates in over 120 countries. In 2021, Borealis generated total sales of EUR 12.342 EUR billion and a net profit of EUR 1,396 million. OMV, the Austria-based international oil and gas company, owns 75% of Borealis shares, while the remaining 25% is owned by a holding company of the Abu-Dhabi based Mubadala. Borealis supplies services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar™ (with TotalEnergies, based in the US).www.borealisgroup.com , https://www.borealiseverminds.com/
About Yildirim Group:
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. YILDIRIM is a family-owned business, held 100% privately by the YILDIRIM Family. Brothers Ali Riza YILDIRIM and Robert Yuksel YILDIRIM are the second generation of the family, and they are managing the company’s operations since 1995. The company completed its first international acquisition in Sweden in 2008. Following the breakthrough, YILDIRIM Group has grown to become a global force with operations in 54 countries on 5 continents, employing more than 20,000 people. In 2015, YILDIRIM family established the Garip & Zeycan Yildirim Foundation, committed to social responsibility through projects in education, health, and culture. www.yildirimgroup.com
