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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers

BASF Completes Sale of Fertilizer Assets to EuroChem

11:18 AM MDT | April 3, 2012 | Sotirios Frantzanas

BASF says it has completed the previously announced sale of its fertilizer activities at Antwerp to EuroChem (Moscow). The total amount of the transaction will reach approximately €830 million ($1.1 billion) including a separate payment of about €130 million in 2013-16, BASF says. The appropriate regulatory authorities approved the acquisition, the company says. The contract covering the acquisition was signed by BASF and EuroChem in September 2011. BASF expects a capital gain of about €600 million in the first quarter of 2012 from the...

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