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BASF completed acquisition of Cognis

December 10/2010

(BASF) -- BASF successfully completed its acquisition of Cognis Holding GmbH from Cognis Holding Luxembourg S.a r.l. controlled by Permira Funds, GS Capital Partners and SV Life Sciences yesterday (December 9, 2010). The equity purchase price was ?700 million. Including net financial debt and pension obligations, the enterprise value of the transaction is ?3.1 billion.


"Cognis and BASFs know-how and range of products complement each other very well. The combination will broaden our portfolio of specialty chemicals and boost innovation for our customers , said Dr. Jurgen Hambrecht, Chairman of BASFs Board of Executive Directors.


BASF intends to fully integrate Cognis into the BASF Group. Detailed integration plans will be developed by the end of the first quarter of 2011. Completion of the structural integration is targeted for the end of 2011.


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BASF completed acquisition of Cognis
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