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BASF SE's BASF AS Announces Compulsory Acquisition of Minority Shares in Pronova Biopharma ASA


Thursday, 31 Jan 2013 10:54am EST 

Pronova Biopharma ASA announced that BASF SE's BASF AS resolved to carry out a compulsory acquisition of all the remaining shares in Pronova not already owned by BASF (the Minority Shares). In accordance with section 6-22 (2) of the STA, the offered redemption price for each Minority Share is NOK 13.50, which is equal to the offer price in the voluntary offer made by BASF. As of January 31, 2013, the rights and ownership of the Minority Shares will automatically be transferred to BASF, and accordingly BASF will from the day hereof be the beneficial owner of 100% of the Pronova shares. 

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23 Dec 2014