BASF has completed the sale of its 50% share in Styrolution, the 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 … Continued
BASF has completed the sale of its 50% share in Styrolution, the 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.
Styrolution was founded in October 2011 as a 50-50 joint venture between BASF and INEOS.
https://www.automotiveworld.com/news-releases/basf-completes-sale-share-styrolution-ineos/
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