ELANTAS, a subsidiary of the specialty chemicals group ALTANA AG, yesterday completed the public tender offer for all publicly held shares of Von Roll Holding AG (SIX: ROL) through the second closing.
ELANTAS, a subsidiary of the specialty chemicals group ALTANA AG, today announced the provisional interim results after the expiration of the public tender offer for all publicly held shares of Von Roll Holding AG (SIX: ROL).
ELANTAS GmbH, a subsidiary of the specialty chemicals group ALTANA AG, has finalized the purchase agreement initially signed on August 11, 2023, to acquire a majority stake in Von Roll Holding AG. All competition law clearances and other approvals required for the execution of the purchase agreement, as well as the public tender offer, have been granted.
As planned, the extraordinary General Meeting of Von Roll Holding AG took place on September 13, 2023 at 10.30 a.m. at the Headquarters of the company in Breitenbach (Switzerland). All proposals presented by the Board of Directors were approved by a large majority of the shareholders.
The merger of ELANTAS and Von Roll combines the innovative strength of the two companies with the aim of expanding electromobility and renewable energies.
All proposals of the Board of Directors were approved.
Despite challenging macroeconomic conditions, Swiss company Von Roll is in good shape, just in time for its 200th anniversary.
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