Ludwigshafen, Germany – January 31, 2013 – BASF
[Frankfurt: BAS, LSE: BFA, SWX: AN] has completed the
acquisition of Pronova BioPharma ASA, Lysaker, Norway, [OBX:
PRON], which closed today with the payment of the offer price to
Pronova shareholders. At the same time, the tendered shares
were transferred to BASF. The company now holds 98.19% of
Pronova.
In accordance with the Norwegian Public Limited Liability
Companies Act section 4-25 and the Securities Trading Act
section 6-22, BASF is setting up a compulsory acquisition process
(squeeze out) in order to acquire the remaining shares belonging
to minority shareholders of Pronova. BASF AS is offering
NOK 13.50 per share as the offer price, which is equal to the offer
price in the voluntary offer made by BASF. We expect the squeeze
out to be implemented within the next days.
BASF will fully integrate Pronova into its Nutrition & Health division
and Pronova will become a key part of BASF’s omega-3-business.
Important Notice
This release is not intended for distribution to, or use by, any person or entity in any
jurisdiction or country where such distribution or use would be contrary to local law or
regulation. This release has been prepared by BASF. No representation or warranty
(express or implied) of any nature is given, nor is any responsibility or liability of any
kind accepted, with respect to the truthfulness, completeness or accuracy of any
information, projection, statement or omission in this release. This release does not
constitute, nor does it form part of, any offer or invitation to buy, sell, exchange or
otherwise dispose of, or issue, or any solicitation of any offer to sell or issue,
exchange or otherwise dispose of, buy or subscribe for, any securities. This release
does not constitute investment, legal, tax, accountancy or other advice or a
recommendation with respect to such securities, nor does it constitute the solicitation
of any vote or approval in any jurisdiction. There shall not be any offer or sale of
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the applicable securities laws of any such
jurisdiction (or under exemption from such requirements).
About BASF
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio
ranges from chemicals, plastics, performance products and crop protection products
to oil and gas. We combine economic success, social responsibility and environmental
protection. Through science and innovation we enable our customers in almost all
industries to meet the current and future needs of society. Our products and system
solutions contribute to conserving resources, ensuring healthy food and nutrition and
helping to improve the quality of life. We have summed up this contribution in our
corporate purpose: We create chemistry for a sustainable future. BASF posted sales
of about €73.5 billion in 2011 and had more than 111,000 employees as of the end of
the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London
(BFA) and Zurich (AN). Further information on BASF is available on the Internet at
www.basf.com.