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Borealis to Acquire French Fertilizer Producer
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Published: November 25, 2011; 18:44 ♦ (Vindobona)
The Austrian chemical company has made an offer to take over PEC-Rhin in its entirety.
Borealis to Acquire French Fertilizer Producer / Picture: © Vindobona.org
Borealis today announced that it has made a firm offer to GPN to acquire 100% of the shares of French fertilizer producer PEC-Rhin. Located in Ottmarsheim, France, the company produces nitrogen fertilizers, ammonia and nitric acid. It has a workforce of around 180 employees.
GPN, member of the French Total Group, owns a 50% interest in PEC-Rhin and has exercised its pre-emption…
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