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| 2014-11-17, 15:42 |
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BASF completes sale of its share in Styrolution to Ineos
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BASF has completed the sale of its 50% share in Styrolution, a leading global styrenics supplier, to Ineos. The relevant merger control approvals have already been granted. The purchase price amounts to €1.1 billion. The transaction will lead to an expected pre-tax disposal gain in the mid three digit million euro range for BASF in the fourth quarter of 2014. Advert Styrolution was founded in October 2011 as a 50-50 joint venture between BASF and Ineos.
More information: www.basf.com, www.ineos.com, www.ineos-styrolution.com |
BASF SE, Ludwigshafen, Germany
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