BASF reaches agreement with Cognis Holding Luxembourg S.ar.l. to purchase Cognis

摘要

BASF SE has reached an agreement with Cognis Holding Luxembourg S.a r.l. 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. Including net financial debt and pension obligations, the enterprise value of the transaction is ·3.1 billion. The acquisition is subject to clearance by the competent merger control authorities. Closing of the transaction is expected for November 2010 at the latest.