date:Dec 30, 2019
Today, BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASFs construction chemicals business. The purchase price on a cash and debt-free basis is 3.17 billion. The transaction is expected to close in the third quarter of 2020, subject to the approval of the relevant competition authorities.
Our aim was to find a new home for our construction chemicals business where it can leverage its full potential, Saori Dubourg, member of