Ad-hoc | 30 June 2014 10:55
BASF SE / Key word(s): Disposal/Joint Venture
30.06.2014 10:55
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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Rolle, Switzerland and Ludwigshafen, Germany, June 30, 2014 - INEOS will
acquire BASF's 50% share in Styrolution, a joint venture between the
companies. The agreement was concluded by INEOS and BASF today. The
purchase price to be paid by INEOS amounts to EUR1.1 billion. A call option
in favor of INEOS to buy BASF's share in Styrolution was already included
in the shareholders' agreement signed in 2011.
The transaction is subject to approval by the appropriate antitrust
authorities. Styrolution will continue to operate as an independent company
until the completion of the deal, which is expected in the fourth quarter
of 2014.
Contact:
Jennifer Moore-Braun
Director Corporate Media Relations BASF Group
Phone: +49 621 60-99123
Mobile: +49 173 3478718
Fax: +49 621 60-92693
E-Mail: jennifer.moore-braun@basf.com
Postal Address: BASF SE, ZOA/CM - C100, 67056 Ludwigshafen, Germany
30.06.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: BASF SE
Carl-Bosch-Straße 38
67056 Ludwigshafen
Germany
Phone: +49 (0)621 60-0
Fax: +49 (0)621 60-4 25 25
E-mail: info.service@basf.com
Internet: www.basf.com
ISIN: DE000BASF111, DE000A0JRFB0, Börse Dublin, Frankfurter
Wertpapierbörse, DE000A0JRFA2, Börse Dublin, Frankfurter
Wertpapierbörse, DE000A0JQF26, Börse Dublin, Frankfurter
Wertpapierbörse, DE000A0EUB86, Frankfurter Wertpapierbörse,
DE0008846718, Frankfurter Wertpapierbörse, DE000A0XFK16,
Börse Luxemburg, Frankfurter Wertpapierbörse, XS0420401779,
Börse Luxemburg, XS0412154378, Börse Luxemburg, Frankfurter
Börse, DE000A0T4DU7,Börse Luxemburg, Frankfurter Börse,
CH0039943292, Swiss Exchange (SWX), CH0039943383, Swiss
Exchange (SWX), DE000A0TKBM, Börse Luxemburg, Frankfurter
Börse, XS0414672070, Börse Luxemburg, ,
WKN: BASF11, WKN A0JRFB, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JRFA, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JQF2, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0EUB8, Frankfurter Wertpapierbörse, , WKN 884671, Frankfurter Wertpapierbörse, , WKN A0XFK1, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0XFHJ, Börse Luxemburg, , WKN A0T6EG, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T4DU, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN 3994329, Swiss Exchange (SWX), , WKN 3994338, Swiss Exchange (SWX), , WKN A0TKBM, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T65R, Börse Luxemburg,
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX; London, SIX
End of Announcement DGAP News-Service
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