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.

The team working on this transaction consisted of Nico Goossens and Mattias Verbeeck.