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BASF to sell Chemische Fabrik Wibarco GmbH to Hansa Chemie International AG

18 Apr 2007 - BASF Aktiengesellschaft has signed an agreement to sell its subsidiary Chemische Fabrik WIBARCO GmbH (Wibarco) to Hansa Chemie International AG (HCI), Zurich, Switzerland. Both companies have agreed not to disclose the transaction price or other financial details. The transaction, which is subject to antitrust approval, is expected to close in July 2007.
 
Wibarco, located in Ibbenbüren in northern Germany, mainly produces linear alkylbenzene (LAB). LAB is a starting material for linear alkylbenzene sulfonate (LAS), a key component of most modern detergents. Hansa Chemie International will take over the Ibbenbüren site with a workforce of approximately 80 employees.