Degussa sells Construction Chemicals activities to BASF
The aim is for the transaction, which is still subject to the customary approvals, in particular clearance from the regulatory authorities, to be closed by mid-2006.
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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