British antitrust authorities approve BASF's takeover of Takeda's vitamins business
The approval procedure for the acquisition of Takeda's vitamins business outside Japan is now completed worldwide. In Japan, BASF and Takeda have a cooperation agreement that was also approved at the end of 2000.
This means:
BASF operates a global vitamins business and holds a leading position with around 30 percent of the world market.
BASF provides customers from the animal feed, food and pharmaceuticals industries with the complete range of fat- and water-soluble vitamins.
BASF plans to ensure cost and technology leadership in this business area with a €600 million capital expenditures program.
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