# DIC to acquire BASF's global pigments business for €1.15 billion

BASF and DIC have reached an agreement for DIC to acquire BASF's global pigments business for €1.15 billion. The transaction is expected to close in Q4 2020.

- Type: Acquisition
- Announced: 2020-08-17
- Value: $1.36B (1.15B EUR)
- Status: announced
- Products: pigments
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (target)
- [DIC Corporation](https://endata.com/companies/19672.md) (acquirer)

## Sources

- [lesprom.com](https://www.lesprom.com/en/news/BASF_to_sell_global_pigments_business_to_DIC_95285/), 2020-08-17: "The purchase price on a cash and debt-free basis is Euro 1.15 billion."

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