BASF to acquire Cognis

摘要

BASF has agreed to acquire Cognis for an enterprise value of ?3.1 billion. An agreement was reached with Cognis' owners Cognis Holding Luxembourg, which is controlled by Permira Funds, GS Capital Partners and SV Life Sciences, to acquire the specialty chemicals company Cognis for an equity purchase price of ?700 million, plus net financial debt and pension obligations. The acquisition is subject to clearance by the competent merger control authorities. Closing of the transaction is expected for November 2010 at the latest.