Industry News, Mergers and Acquisitions, Suppliers News

European Commission Approves BASF’s Acquisition of Ciba

Decision by U.S. antitrust authorities pending

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

The European Commission today approved the acquisition of Ciba Holding AG by BASF. The approval is subject to the divestiture of individual product lines and production plants as well as a product license. The conditions apply to products that accounted for sales of less than €100 million in 2008. The decision by the U.S. Federal Trade Commission (FTC) is still pending. This approval is a precondition for the closing of the acquisition with the transfer of shares to BASF and the payment of the ...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters