BASF to sell stake in SolVin to Solvay
Ludwigshafen, Germany – July 1, 2015 – BASF is selling its 25% share in the joint venture SolVin to Solvay. The transaction will take place on July 1, 2015. Financial details were not disclosed.
In addition, BASF has reached agreements with Solvay and Inovyn to continue to supply BASF’s site in Antwerp with basic chemicals.
SolVin was established in 1999 as a 75-25 joint venture between Solvay and BASF in the area of polyvinyl chloride (PVC).
At BASF, we create chemistry – and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world’s leading chemical company, we combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.