BASF construction chemicals unit renamed MBCC

Sale to Lone Star Funds XI closed at the end of September

BASF SE, based in Ludwigshafen, Germany, completed the divestment of its construction chemicals business to a subsidiary of the US private equity firm Lone Star Funds on 30 September 2020. The timetable outlined when the contract was signed on 21 December 2019 was thus met; at that time, both companies had set their ...

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