My watch list
my.chemeurope.com  
Login  

BASF moves forward in acquisition of Solvay's polyamide business

BASF offered commitments to meet concerns of the EU Commission

17-Oct-2018

In September 2017, BASF and Solvay agreed that BASF would acquire Solvay’s polyamide business subject to approval of the relevant merger control authorities. The approval process of the EU Commission is ongoing. To meet the concerns of the EU Commission, BASF has offered to refrain from acquiring certain parts of Solvay’s European polyamide business including innovation capabilities and manufacturing assets of Solvay’s intermediate and engineering plastics business. The EU Commission is now examining this offer and submitting it for market testing before completing its review procedure.

By complementing the engineering plastics portfolio, enhancing the access to key growth markets in Asia and South America as well as strengthening the value chain through backward integration into key raw materials such as ADN (adipodinitrile), BASF would still achieve its key strategic objectives.

BASF will continue to work closely with the EU Commission which is expected to make a decision in early 2019. As of now, the transaction has obtained merger clearance from eight of ten jurisdictions globally.

Facts, background information, dossiers
  • BASF
  • Solvay
  • acquisitions
More about BASF
More about Solvay
  • News

    DOMO Chemicals signs agreement to acquire Solvay’s Performance Polyamides Business in Europe

    DOMO Chemicals and Solvay have signed an agreement for DOMO to acquire Solvay’s Performance Polyamides Business in Europe. This includes Engineering Plastics operations in France and Poland; High Performance Fibers in France; Polymer and Intermediates operations in France, Spain & Poland. T ... more

    Solvay to raise hydroquinone capacity in Europe by 20%

    Solvay is raising its European capacity of hydroquinone by 20%, enhancing the security of supply on three continents and to meet increasing demand for diphenol inhibitors used as additives by the monomer industry. This capacity expansion at its plant in Saint-Fons, France is accomplished by ... more

    BASF to acquire Solvay’s global polyamide business

    BASF and Solvay have signed an agreement related to the sale of Solvay’s integrated polyamide business to BASF. The purchase price on a cash and debt-free basis would be €1.6 billion. According to applicable laws, the intended transaction is subject to consultations with the relevant social ... more

  • Companies

    Solvay (Schweiz) AG

    more

    Solvay SA

    SOLVAY is an international chemical and pharmaceutical Group with headquarters in Brussels. It employs some 29,000 people in 50 countries. In 2006, its consolidated sales amounted to EUR 9.4 billion, generated by its three sectors of activity: Chemicals, Plastics and Pharmaceuticals. So ... more

    SOLVAY GmbH

    Worldwide, the Solvay presence, notably in terms of sales and marketing, is ensured through regional organisations like national offices, affiliates, subsidiaries, … as well as local agents in the countries where Solvay doesn’t have its own organisation. Solvay chemicals in smaller volumes ... more

Your browser is not current. Microsoft Internet Explorer 6.0 does not support some functions on Chemie.DE