BASF to Receive €600 Million from Styrolution JV to Equalize Assets

BASF says it will receive €600 million ($870 million) from Styrolution (Frankfurt), an equally owned styrenics joint venture with Ineos, because BASF is contributing more assets to the jv than its partner. BASF will receive the compensation payment in cash from Styrolution at the closing of the jv, following necessary approvals. The deal is expected to close this year, BASF says. BASF and Ineos received approval from the European Commission earlier this year for Styrolution, which combines the partners’ global styrenics businesses. The approval is conditional...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers