Sponsored
Article Tools

Borealis to Acquire Outstanding Shares of TOTAL Affiliate GPN SA

Published: February 7, 2013; 14:07 · (Vindobona)

Borealis, an Austrian provider of chemical and innovative plastics solutions, has made a firm offer to TOTAL to purchase all outstanding shares of GPN SA, France’s largest nitrogen fertilizer manufacturer.

Borealis to Acquire Outstanding Shares of TOTAL Affiliate GPN SA / Picture: © Borealis

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.

Fertilizers are a non-strategic business for Total. In joining Borealis, GPN — which is well established in France and has benefited from a vast investment plan in recent years — would enjoy…

This article includes a total of 508 words.

or Log In

Fast News Search