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Cognis Owners Decide to Sell Shares to BASF

The enterprise value is �3.1 billion

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Cognis Holding Luxembourg S.à r.l., controlled by Permira Funds, GS Capital Partners and SV Life Sciences, signed a sale and purchase agreement to sell 100 percent of the shares in Cognis Holding GmbH to BASF SE on June 22. The enterprise value is €3.1 billion. The transaction is subject to the usual closing conditions, including regulatory approval, and is expected to be formally completed at the latest by November 2010. Since 2001, Cognis has been successfully transformed into a highly profi...

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