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Issue 1 2020 - Lone Star will acquire BASF's Building Chemicals division for €3.17 billion

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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Lone Star to acquire BASF's Building Chemicals division for €3.
17
billionOn December 21, 2019, BASF and private equity firm Lone Star signed an agreement to acquire BASF's Building Materials Chemical division
.
The purchase price, cash and debt-free, was €3.
17 billion
.
The transaction is expected to close in the third quarter of 2020 and is subject to approval
by the relevant competition authorities.
With more than 7,000 employees, production sites and sales offices in more than 60 countries, BASF's Building Chemicals division generated sales of around €2.
5 billion in
2018.

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