BASF up 3%, to Acquire Solvay's Global Polyamide Business
Share price of BASF India advanced 3 percent intraday Wednesday as it is going to acquire Solvay's global polyamide business.
BASF SE Germany, the parent company of BASF India, has signed an agreement to acquire Solvay's integrated polyamide business globally for a purchase price of EUR 1.6 billion.
The said transaction is subject to approval by the relevant authorities and is expected to be closed in the third quarter of 2018.
For the full year 2016, the net sales of the business to be purchased from Solvay amounted to EUR 1315 million and EBITDA to around EUR 200 million.
The acquisition would complements BASF’s engineering plastics portfolio and expand its position as a solution provider for the transportation, construction, industrial applications and consumer industries.
You May Interested In
2026-08-04
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
First New UV Filter in Nearly 27 Years: BASF's Tinosorb® S Approved by FDA, Marking a Historic Shift for the U.S. Sunscreen Market
-
Multiple Chemical Industry Leaders Post Strong H1 Earnings Growth as Sector Profitability Revives
-
The Crop Protection Patent Cliff Is Here
-
BASF's Intensified Moves from May to June: Plant Closures, Divestitures, and Transformation in Sync
-
EU Clears Carlyle's Acquisition of BASF's Coatings Business, but Demands Divestment of Nouryon's Polysulfide Assets: What Are the Underlying Risks?
-
BASF, Covestro, Huntsman Raise MDI Prices in North America Amid Global Supply Crunch
-
BASF Launches Global Expansion Plan for Aroma Ingredients
-
BASF Launches Global Expansion Plan for Aroma Ingredients
-
BASF’s €8.7 Billion Zhanjiang Verbund Site Fully Operational
-
BASF and Hannong Chemical Joint Venture Nonionic Surfactant Plant Begins Operation in South Korea
Recommend Reading
-
SKC Secures $40 Million IFC Investment for 70,000-Ton Biodegradable PBAT Plant in Vietnam Commercial Launch Set for 2026
-
Is Evonik’s Massive Global Expansion of Hydroxyl-Terminated Polybutadiene (HTPB) a Technological Ambition — or a Geopolitical Gamble?
-
BASF Pushes Triple-Action Weed Control
-
BASF Pushes Triple-Action Weed Control
-
LANXESS Raises Global 1,6-Hexanediol Prices by 20% as Cost Pressure Begins to Pass Downstream
-
Pre-holiday Dichloromethane Price Increase Fails to Continue
-
Chinese Asphalt Market Sees Limited Transactions Before the Festival, May Rise Moderately After the Festival
-
Post-holiday Increase in Acetone Market Inventory Volume and the Struggle for a Good Start in China
-
Supply Recovery Limited & Cost Decline: PP Market Shakes and Faces Potential Drop
-
Sodium Benzoate (E211): Safety, Benzene Risk, and Preservative Uses