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BASF to Merge Subsidiaries in India

4:09 AM MDT | September 13, 2010 | Deepti Ramesh

BASF India (Mumbai) says its board of directors has approved the merger of BASF Construction Chemicals India, BASF Coatings India, and BASF Polyurethanes India with BASF India. The merger is subject to approval of the shareholders of the company and the Bombay High Court, and is expected to be completed by January, 2011. The proposed merger will enable BASF India to conduct its business more efficiently with better economies of scale, optimum utilization of various resources, better management of the cash pool structure and help achieve synergies in business and...

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