BASF completes sale of its share in styrenics supplier Styrolution to INEOS
LUDWIGSHAFEN, GERMANY, November 17, 2014-
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.
Nonwovens Markets subscribers - click here to read the full article.
Not a subscriber?
TRY Nonwovens Markets
Newsletter TODAY!
Subscribe
Newsletter TODAY!
Subscribe