INEOS buys full control of Styrolution from BASF
11/17/2014 12:00:00 AM
BASF has completed the sale of its 50% share in Styrolution, the leading global styrenics supplier, to INEOS, the companies announced on Monday.
The relevant merger control approvals have already been granted, and the purchase price amounts to €1.1 billion.
The transaction will lead to an expected pre-tax disposal gain in the mid three digit million euro range for BASF in the fourth quarter of 2014.
Styrolution was founded in October 2011 as a 50-50 joint venture between BASF and INEOS.
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