BASF completes sale of its share in Styrolution to Ineos

BASF has completed the sale of its 50% share in Styrolution, a leading global styrenics supplier, to Ineos. The relevant merger control approvals have already been granted. The purchase price amounts to €1.1 billion. The transaction will lead to an expected pre-tax disposal gain in the mid three digit million euro range for BASF in the fourth quarter of 2014.

Styrolution was founded in October 2011 as a 50-50 joint venture between BASF and Ineos.

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