Board of BASF India Limited approves acquisition of business of Cognis in India

摘要

Consequent to the acquisition of Cognis Holding GmbH by BASF SE worldwide in December 2010, the Board of Directors of BASF India Limited approved the proposal to purchase the business of Cognis Specialty Chemicals Pvt. Ltd. in India, for a lumpsum consideration of Rs. 134 million. The Cognis business will be integrated in BASF India Limited with effect from July 1, 2011, subject to requisite approvals.