BASF Consolidates Australian Coatings Business

摘要

BASF recently signed an agreement with Akzo Nobel for BASF to ac-quire the shares in BASF Akzo Nobel (BAN).BAN has been a 50-50 joint venture between the two companies to market coatings for the automotive industry in Australia.Financial details of the transaction were not disclosed.Following the transaction,BASF will take the opportunity to combine its two coatings entities in Australia.