Argo advises the independent directors of Tessenderlo Group on the combination with Picanol

Nico Goossens was appointed by the committee of independent directors of Tessenderlo Group as independent expert in application of article 7:97 of the Code of Companies and Associations to support the independent directors in their assessment of the business combination with Picanol. The transaction includes a voluntary public exchange offer by Tessenderlo Group on the shares of Picanol followed by a squeeze-out and delisting of Picanol. Following the initial acceptance period of the offer, Tessenderlo Group owned 97.90% of the shares in Picanol.