# BASF divests shares in two Chinese joint ventures to Verde Chemical

BASF has completed the divestment of its shares in BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd. in Korla, China, to Verde Chemical Singapore Pte. Ltd. The transaction was completed effective April 21, 2025.

- Type: Acquisition
- Announced: 2025-04-21
- Where: Korla, China, China
- Status: completed
- Products: chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [BASF](https://endata.com/companies/298.md)
- [Verde Chemical Singapore Pte. Ltd.](https://endata.com/companies/84373.md) (acquirer)
- [BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd.](https://endata.com/companies/84374.md) (target)
- [Markor Meiou Chemical (Xinjiang) Co., Ltd.](https://endata.com/companies/84375.md) (target)

## Sources

- [paint.org](https://www.paint.org/basf-completes-divestment-of-shares-in-two-joint-ventures/), 2025-04-25: "Both parties have agreed not to disclose financial details of the transaction."

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