Greiner announces it does not waive conditions precedent relating to the offer to Recticel shareholders, explores further options for stake in the Belgium-based foam producer to maximize value

Sample article from our Packaging Industry

KREMSMUNSTER, Austria , January 11, 2022 (press release) –

  • Offer to Recticel shareholders has expired
  • Greiner continues to work constructively with the European Commission on the ongoing Phase II investigation
  • Greiner explores further options for the stake to be acquired pursuant to the share purchase agreement with Compagnie du Bois Sauvage in Recticel to maximize the value of the investment, including a sale to one or more third parties

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Dan Rivard
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