Friendly bid
23 Jun 2005
Solvay Organics has launched a friendly bid to acquire at least 51% of Girindus, a publicly listed specialty chemicals company based in Bensberg, Germany.
Solvay Organics has launched a friendly bid to acquire at least 51% of Girindus, a publicly listed specialty chemicals company based in Bensberg , Germany
Girindus has developed proprietary technologies for the production of oligo-nucleotides - compounds active in treating genetic diseases. The company has operations in
Shareholders holding approximately 35% of outstanding shares have indicated their willingness to sell their stake to Solvay.
Pending the successful outcome of the offer and relevant regulatory procedures, the transaction is likely to be completed in the next few months.
Solvay Organics is a 100% subsidiary of Solvay, the international chemicals and pharmaceuticals group with headquarters in
