Argo advises Baltisse on investment in Recticel

Argo advises Baltisse NV, the investment company of Filip Balcaen, on the acquisition of an aggregate stake of approximately 27% in Recticel NV (Euronext Brussels: REC), an international leading player in the insulation industry. The transaction consisted of the initial acquisition of approximately 22,60% of the shares in Recticel from Greiner AG in February 2022, followed by an additional 4.37% stake in May 2022. These transactions will allow Baltisse to further contribute to the strategic and operational development of Recticel.