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Recticel has conducted a fairness opinion regarding Greiner’s public takeover bid

The board of directors of Recticel has received a fairness opinion in light of the unsolicited voluntary public takeover bid launched by Greiner.

Recticel is a listed Belgium-based company engaged in the manufacture of polyurethane foam products. The company operates in three business segments: insulation, which includes laminated boards for thermal building insulation; bedding, including mattress and bedding brands; and flexible foams for the upholstery and furniture markets.

Greiner is an Austrian manufacturer of plastic and foam products used in a variety of end-markets. The company acquired a 27% stake in Recticel and decided to launch an unsolicited voluntary public takeover bid of €13.50 (approximately US$15.2) per share in order to acquire at least 50% and control of Recticel.

Oaklins’ team in Belgium assisted Recticel’s board of directors as financial advisor by preparing a fairness opinion.

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 Dominique  Deschamps

Dominique Deschamps

Managing Director

Brussels, Belgium
Oaklins KBC Securities
 Bart  Delusinne

Bart Delusinne

Managing Director

Brussels, Belgium
Oaklins KBC Securities
 Alexander  Gryson

Alexander Gryson

Associate Director

Brussels, Belgium
Oaklins KBC Securities
 Matthias  David

Matthias David

Associate

Brussels, Belgium
Oaklins KBC Securities

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