Degussa negotiates with BASF on sale of Construction Chemicals activities
After evaluating and assessing all the offers received, the Management Board has now decided to conduct intensive negotiations only with BASF at present. The joint aim is to conclude the purchase agreement for the transaction shortly.
In fiscal 2004 the Construction Chemicals activities generated sales of EUR 1.8 billion and an EBIT (earnings before interest and taxes) of EUR 201 million. Sales for the first nine months of 2005 came to EUR 1.5 billion and the EBIT was EUR 174 million.
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