Industry News, Mergers and Acquisitions, Suppliers News

BASF to Acquire Solvay’s Global Polyamide Business

The purchase price on a cash and debt-free basis would be €1.6 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

BASF and Solvay have signed an agreement related to the sale of Solvay’s integrated polyamide business to BASF. The purchase price on a cash and debt-free basis would be €1.6 billion. According to applicable laws, the intended transaction is subject to consultations with the relevant social bodies of Solvay, following which both companies will enter a binding purchase agreement.    Solvay and BASF aim to close the transaction in the third quarter of 2018, after customary regulatory approvals h...

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