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INEOS to Acquire BASF’s Share in Styrolution

Styrolution is a leading global styrenics supplier

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By: DAVID SAVASTANO

Editor, Ink World Magazine

INEOS will acquire BASF’s 50% share in Styrolution, a joint venture between the companies. The purchase price to be paid by INEOS amounts to €1.1 billion. A call option in favor of INEOS to buy BASF’s share in Styrolution was already included in the shareholders’ agreement signed in 2011.   The transaction is subject to approval by the appropriate antitrust authorities. Styrolution will continue to operate as an independent company until the completion of the deal, which is expected in the fourt...

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