BASF to acquire Solvay's global non-European PA6.6 business for €1.3B

BASF will acquire Solvay's global non-European polyamide 6.6 business, including eight production sites and a 50% share in Butachimie's ADN production, for €1.3 billion. The deal, first announced in September 2017, is expected to close by end of 2019.

“BASF will pay €1.3bn on a cash and debt-free basis for the Solvay businesses, which generated sales of around €1bn in 2018.”argusmedia.com

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