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November 17, 2014
By: Catherine Diamon
BASF has completed the sale of its 50% share in Styrolution, a global styrenics supplier, to INEOS. The relevant merger control approvals have been granted. The purchase price amounts to €1.1 billion. The transaction will lead to an expected pre-tax disposal gain in the mid three digit million euro range for BASF in the fourth quarter of 2014. Styrolution was founded in October 2011 as a 50-50 joint venture between BASF and INEOS.
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