# BASF and Shell sell Basell to Access Industries consortium for €4.4 billion

BASF and Shell Chemicals have agreed to sell their 50-50 joint venture Basell, a leading polyolefins manufacturer, to a consortium led by Access Industries and The Chatterjee Group for €4.4 billion including debt.

- Type: Acquisition
- Announced: 2020-07-28
- Value: $5.50B (4.40B EUR)
- Status: announced
- Products: polyolefins
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (partner)
- [Basell](https://endata.com/companies/20796.md) (target)
- [Access Industries](https://endata.com/companies/26373.md) (acquirer)
- [Shell Chemicals](https://endata.com/companies/40843.md) (partner)
- [The Chatterjee Group](https://endata.com/companies/48910.md) (acquirer)

## Sources

- [natriumcapital.com](https://www.natriumcapital.com/deals/sale-of-basell-europe-by-shell-and-basf-to-access-industries/), 2020-07-28: "BASF and Shell Chemicals are to sell their 50-50 joint venture Basell, one of the world’s leading manufacturers of polyolefins, to a consortium led by New York-based Access Industries together with The Chatterjee Group."

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