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BASF completes acquisition of Cognis

Date

10:00 to 10:00 CET

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Ludwigshafen, Germany
Nicole Krawietz
Event Management

On December 10, 2010 BASF successfully completed its acquisition of Cognis Holding GmbH from Cognis Holding Luxembourg S.à r.l. controlled by Permira Funds, GS Capital Partners and SV Life Sciences yesterday (December 9, 2010).

The equity purchase price was €700 million. Including net financial debt and pension obligations, the enterprise value of the transaction is €3.1 billion.

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Last Update December 15, 2010