# Avantium retakes full ownership of Synvina FDCA joint venture from BASF

Avantium paid BASF $20 million to acquire its partner's equity and asset investments in the Synvina furandicarboxylic acid joint venture, after BASF withdrew over timing of an investment decision.

- Type: Acquisition
- Announced: 2019-02-03
- Where: Antwerp, Belgium
- Value: $20.0M
- Status: announced
- Products: furandicarboxylic acid, polyethylene furanoate
- 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) (target)
- [Avantium](https://endata.com/companies/7773.md) (acquirer)

## Sources

- [cen.acs.org](https://cen.acs.org/business/investment/Avantium-takes-over-Synvina/97/i5), 2019-02-04: "BASF decided to withdraw from the joint venture over the timing of an investment decision on an FDCA facility planned for BASF’s Antwerp, Belgium, site."

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