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BASF Purchases Cognis
Posted: June 28, 2010
BASF (Ludwigshafen, Germany) has agreed to purchase Cognis for an equity purchase price of €700 million. Closing of the transaction is expected for November 2010.
Of the announcement, Jürgen Hambrecht, chairman of the board of executive directors of BASF, said, “With the acquisition of Cognis, we are strengthening our portfolio with cyclically robust and profitable businesses and further expanding our position as the world’s leading chemical company."