Borealis already had a 77.5 percent stake in Rosier and managed to increase its stake to 98.09 percent through a capital increase last month. Now the company confirms that it wants to launch a squeeze-out offer at 20 euros per share.
Rosier has not had it easy in recent years and even came into acute financial distress due to the war in Ukraine. It generated 10 percent of its sales in Ukraine and was unable to supply key customers. In addition, commodity prices rose and some critical commodities were unavailable. The company obtained a fifth of its supplies from suppliers in Russia and Belarus.
Rosier’s stock market value has fallen sharply in recent years. At the beginning of 2019, the share was still trading at around 150 euros, at the beginning of this year it was 60 euros, before dropping to 19.20 euros in March. After that, trading was suspended.