Breitenbach, May 7, 2024 - The competent court has approved the action of ELANTAS GmbH, an indirect wholly-owned subsidiary of ALTANA AG, for a declaration of invalidity. As a result, ELANTAS GmbH now holds 100 percent of Von Roll. The Von Roll shares will be delisted from the SIX Swiss Exchange on May 17, 2024.
In a ruling dated April 25, 2024, the competent court of the Canton of Solothurn declared the bearer shares of Von Roll Holding AG with a nominal value of CHF 0.10 each that are still in the public domain to be invalid. This ruling became legally binding on May 2, 2024.
The holders of the Von Roll shares declared null and void will receive a cash compensation in the amount of the offer price of 0.86 Swiss francs per share with reference to the public tender offer made by ELANTAS GmbH on September 8, 2023.
In a decision dated May 6, 2024, SIX Exchange Regulation AG set the last trading day for Von Roll shares as May 16, 2024. The Von Roll shares will be delisted on May 17, 2024.
About ALTANA:
ALTANA is a global leader in true specialty chemicals. The Group offers innovative, environmentally compatible solutions for coating manufacturers, paint and plastics processors, the printing and packaging industries, the cosmetics sector, and the electrical and electronics industry. The product range includes additives, specialty coatings and adhesives, effect pigments, sealants and compounds, impregnating resins and varnishes, and testing and measuring instruments. ALTANA’s four divisions, BYK, ECKART, ELANTAS, and ACTEGA, all occupy a leading position in their target markets with respect to quality, product solution expertise, innovation, and service.
Headquartered in Wesel, Germany, the ALTANA Group has 64 production facilities and 68 service and research laboratories worldwide. Throughout the Group, around 8,000 people work to ensure the worldwide success of ALTANA. In 2023, ALTANA achieved sales of more than € 2.7 billion. About 7 percent of the total sales is invested in research and development each year. Its high earning power and high growth rate make ALTANA one of the world’s most innovative, fastest growing, and most profitable chemical companies.
About ELANTAS:
ELANTAS, as part of the ALTANA Group, is represented by over 20 manufacturing companies in all major regions worldwide and employs more than 2,000 people.
ELANTAS is a leading manufacturer of insulating and protective materials with a focus on the global electrical and electronics industry.
The ELANTAS group offers a comprehensive portfolio of wire enamels, impregnating resins and varnishes, casting and potting resins, flexible electrical insulation materials, materials for electronic protection, specialty industrial coatings, products for printed electronics as well as a wide range of tooling and composite materials. ELANTAS products support the transition to eMobility and Green Energy for a more sustainable future.
The company is headquartered in Wesel, Germany.
About Von Roll Holding AG:
Founded in 1823, Von Roll is one of the most traditional companies in Switzerland. In the course of the company's history, Von Roll has had to adapt several times to a changing market environment and has thus evolved from the largest Swiss steel and ironworks into a state-of-the-art industrial company that is helping to drive the energy transition.
Today, Von Roll is the global market leader for electrical insulation systems used in the largest wind turbines, develops high-performance technical materials for the next generation of batteries in the field of electromobility, and produces particularly environmentally friendly plastics for the aircraft industry. With 14 sites worldwide and around 1,000 employees, the Group supplies customers in more than 80 countries.