BASF presents concept for Basel site
Following the closing of the acquisition on April 9, 2009, teams of experts from BASF and Ciba started analyzing the best possible combination of the businesses. BASF said that Basel would be the headquarters of one of its global operating divisions when it announced its plans to acquire Ciba in September 2008. Detailed integration plans and the necessary restructuring measures will be published in July.
Dr. Fred Baumgartner was appointed head of the Paper Chemicals division effective April 2009. This division combines products and solutions to improve the production and properties of paper.
As planned, BASF intends to merge Ciba Holding AG with BASF Specialty Chemicals Holding GmbH, Basel. The remaining minority shareholders in Ciba will then receive a cash compensation of CHF 50 per share.
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