Viridor Limited made an offer to acquire Quantafuel ASA (OB:QFUEL) from BASF SE (XTRA:BAS), KIRKBI A/S and others for NOK1.05 billion on February 28, 2023. The transaction is subject to Quantafuel ASA board. As of February 28, 2023 The board of directors of Quantafuel has unanimously recommended the deal. The offer is expected to be closed by March 29, 2023, subject to extension. As of March 14, 2023, regulatory approval have been received for the Transaction. As of March 29, 2023, minimum acceptance by shareholders of 90% of the outstanding Shares has not been met, Viridor Limited therefore hereby announces an extension of the Offer Period until April 14, 2023. As of April 17, 2023, minimum acceptance by shareholders of 90% of the outstanding Shares has not been met, Viridor Limited therefore hereby announces an extension of the Offer Period until April 21, 2023. As of April 24, 2023, minimum acceptance by shareholders of 90% of the outstanding Shares has not been met, Viridor Limited therefore hereby announces an extension of the Offer Period until April 28, 2023. On this basis, the Offeror has decided to waive the minimum acceptance condition under the Offer. As of April 24, 2023, the offer becomes unconditional. Settlement of the Offer is expected to take place on or about May 5, 2023. Amy Mahon, Claire Williams, Étienne Renaudeau and Nicholas J. Shaw of Simpson Thacher & Bartlett LLP acted as legal advisor to Viridor Limited. Macquarie Capital Funds (Europe) Ltd and DNB Bank ASA (OB:DNB) acted as financial advisor to Viridor Limited. Advokatfirma Wiersholm AS acted as legal advisor to Viridor Limited. ABG Sundal Collier Holding ASA (OB:ABG) acted as financial advisor to Quantafuel ASA and Wikborg Rein & Co. acted as legal advisor to Quantafuel ASA.

Viridor Limited completed the acquisition of Quantafuel ASA (OB:QFUEL) from BASF SE (XTRA:BAS), KIRKBI A/S and others for approximately NOK860 million on May 5, 2023.