Stibbe advises Tessenderlo Chemie NV

Stibbe advised Euronext Brussels’ listed Tessenderlo Chemie NV on its proposed business combination with its reference shareholder Picanol NV (listed on Euronext Brussels as well). The shareholders’ meeting of Tessenderlo Chemie NV will decide on the contribution of the current industrial activities of Picanol (based on a valuation of 811.6 million euros) into the share capital of Tessenderlo Chemie NV.