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Borealis to Acquire Outstanding Shares of TOTAL Affiliate GPN SA
Companies ♦
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 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…
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