EANS-Adhoc: Borealis AG
Borealis Technology Oy has received a re-assessment
decision from the Finnish tax authority for the year 2008 to make an additional
payment in the amount of EUR 281.7 million
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Financial Figures/Balance Sheet/Accounting and Audits
29.12.2014
Vienna, 29 December 2014
Today, Borealis Technology Oy, a Finnish subsidiary of Borealis AG, Wagramer
Strasse 17-19, 1220 Vienna ("Borealis"), has received a re-assessment decision
from the Finnish tax authority regarding the year 2008. The Finnish tax
authority requests Borealis to pay an additional total amount of EUR 281.7
million comprising of taxes, late payment interest and penalties.
Borealis believes the re-assessment to be unjustified and will appeal by filing
a claim for adjustment with the Board of Adjustment of the Finnish tax
authority. Furthermore, Borealis will also ask for a suspension of the payment
pending the appeal.
The amount claimed, if in fact due, would not have a material adverse impact on
Borealis' ability to conduct its business operations, including its payment
obligations, and neither would a payment trigger any covenants or obligations
under Borealis' existing financial contractual arrangements.
Mandatory information:
The following debt securities are listed at the Vienna Stock Exchange, Second
Regulated Market
ISIN: AT0000A0VL70 Borealis-Anleihe 12-19
ISIN: AT0000A0H0V3 Borealis-Anleihe 10-17
Further inquiry note:
Borealis AG
Jan-Martin Nufer
Wagramer Strasse 17-19
1220 Vienna
Austria
e-mail: ir@borealisgroup.com
Tel. +43 1 22400 320
Michael Schenk
Wagramer Strasse 17-19
1220 Vienna
Austria
e-mail: ir@borealisgroup.com
Tel. +43 1 22400 678
end of announcement euro adhoc
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issuer: Borealis AG
Wagramerstrasse 17-19
A-1220 Wien
phone: +43 1 22 400
FAX: 43 1 22400 333
mail: info@borealisgroup.com
WWW: www.borealisgroup.com
sector: Chemicals
ISIN: AT0000A0H0V3
indexes:
stockmarkets: Regulated free trade: Wien
language: English
Original content of: Borealis AG, transmitted by news aktuell