BASF India’s parent company -- BASF SE, Germany has signed a Purchase Agreement with an Affiliate of Lone Star, a global private equity player, for acquisition of BASF's Construction Chemicals Business. The purchase price on a cash and debt free basis is Euro 3.17 billion. The transaction is expected to close in the third quarter of 2020, subject to approval of the relevant competition authorities.
BASF's Construction Chemicals business operates production sites and sales offices in more than 60 countries and generated sales of about Euro 2.5 billion in 2018, with more than 7000 employees worldwide. In India, the construction chemicals business, which forms part of the Surface Technologies segment, has generated sales of Rs 484 crore for the year ended March 31, 2019.
BASF India is a chemical manufacturing company. It operates in the business segments of agricultural solutions, performance products, plastics businesses and chemicals. The agricultural solutions include insecticides, herbicides, fungicides and specialties.
| Company Name | CMP |
|---|---|
| BASF India | 3703.10 |
| Tata Chemicals | 709.05 |
| SRF | 2493.65 |
| Pidilite Inds. | 1393.25 |
| Deepak Nitrite | 1538.00 |
| View more.. | |
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