# Lone Star Funds to acquire BASF's Construction Chemicals business for €3.17B

BASF signed an agreement to sell its Construction Chemicals business to an affiliate of Lone Star Funds for €3.17 billion. The transaction is expected to close in Q3 2020, subject to regulatory approval.

- Type: Acquisition
- Announced: 2019-12-21
- Value: $3.52B (3.17B EUR)
- Status: announced
- Products: construction chemicals
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (target)
- [Lone Star Funds](https://endata.com/companies/8698.md) (acquirer)

## Sources

- [basf.com](https://www.basf.com/global/en/media/news-releases/2019/12/p-19-421), 2019-12-20: "Our aim was to find a new home for our Construction Chemicals business where it can leverage its full potential."

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