# EU Commission clears BASF's acquisition of Solvay's polyamide business

The EU Commission has granted conditional clearance for BASF to acquire Solvay's polyamide business. Closing is expected in the second half of 2019 after divesting parts of the European scope to a third party.

- Type: Acquisition
- Announced: 2019-01-18
- Where: United States
- Value: $1.81B (1.60B EUR)
- Status: announced
- Products: polyamide 6.6, engineering plastics, adipodinitrile
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (acquirer)
- [BASF](https://endata.com/companies/298.md) (partner)
- [Clayton Dubilier & Rice](https://endata.com/companies/530.md) (investor)
- [Solvay](https://endata.com/companies/1830.md) (target)
- [Solenis](https://endata.com/companies/15656.md) (acquirer)
- [Solenis](https://endata.com/companies/15656.md) (partner)

## Sources

- [basf.com](https://www.basf.com/global/en/media/news-releases/2019/01/p-19-113), 2019-01-17: "Today, the EU Commission has granted conditional clearance for BASF to acquire Solvay's polyamide business."
- [government-world.com](http://www.government-world.com/mergers-commission-approves-basfs-acquisition-of-solvays-nylon-business-subject-to-conditions/), 2019-01-18: "Our decision will allow for the creation of a significant European player in this market because the commitments offered by BASF and Solvay ensure that the merger will not lead to higher prices or less choice for European businesses."
- [cpecn.com](https://www.cpecn.com/news/basf-solenis-wrap-up-merger-of-wet-end-paper-and-water-chemicals-business/), 2019-02-01: "Combining our strong heritages creates the leading customer-focused, global solutions provider for the paper and water industries."
- [chemicalprocessing.com](https://www.chemicalprocessing.com/environmental-protection/water-wastewater/news/11308564/basf-and-solenis-finalize-paper-and-water-chemicals-merger-chemical-processing), 2019-02-06: "Joining forces with Solenis is the right step for BASF's Paper and Water Chemicals business to maintain sustainable growth."
- [procurementresource.com](https://www.procurementresource.com/news-and-articles/basf-cleared-by-eu-to-acquire-solvays-integrated-polyamide-business-in-europe), 2019-02-08: "BASF has recently been cleared by the European commission to acquire Solvay’s integrated polyamide business."
- [lexisnexis.co.uk](https://www.lexisnexis.co.uk/legal/guidance/basf-solvays-nylon-business-m-8674-archived), 2019-11-20: "On 18 January 2019, the Commission approved the transaction, subject to commitments."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.