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Hengeler Mueller advises Greiner on European merger control proceeding in relation to its takeover offer for Recticel | Hengeler Mueller News

Hengeler Mueller advises Greiner on European merger control proceeding in relation to its takeover offer for Recticel

14 October 2021 marks the beginning of the initial acceptance period for Austrian Greiner AG's conditional voluntary takeover offer for Belgian Recticel SA. Both companies provide industrial plastic and foam solutions. In May 2021, Greiner already announced that it had agreed to acquire Compagnie du Bois Sauvage SA’s entire stake of 27.03% in Recticel at a price of EUR 13.50 per share.

Greiner AG's offer values Recticel SA at approx. EUR 1.2 billion (enterprise value). Completion of the transaction is subject to merger control approval inter alia by the European Commission.

Hengeler Mueller (Brussels partner Markus Röhrig) advises Greiner in the merger control approval process before the European Commission.

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