Borealis made offer to acquire PEC-Rhin from GPN

29-Nov-2011 - Austria

Borealis has made a firm offer to GPN to acquire PEC-Rhin in its entirety. This is related to GPN, which owns a 50% interest in PEC-Rhin, having exercised its pre-emption right for the remaining 50% stake from BASF SE.

Following this firm offer, the relevant employee representatives are being informed and consulted on the proposed sale to Borealis. The transaction is subject to the approval of the relevant antitrust authorities.

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