# 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.

- Type: Acquisition
- Announced: 2024-03-25
- Where: South Korea, China, Brazil, Asia, Americas
- Value: $1.45B (1.30B EUR)
- Status: announced
- Products: polyamide 6.6, adipodinitrile, nylon
- 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) (acquirer)
- [Solvay](https://endata.com/companies/1830.md) (target)

## Sources

- [argusmedia.com](https://www.argusmedia.com/en/news-and-insights/latest-market-news/1958903-solvay-basf-deal-progresses-with-asset-sale-to-domo), 2024-03-25: "BASF will pay €1.3bn on a cash and debt-free basis for the Solvay businesses, which generated sales of around €1bn in 2018."

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