INEOS to acquire BASF’s stake in Styrolution

INEOS will acquire BASF’s (BASFY) 50% share in their joint venture Styrolution for €1.1B, by exercising a call option included in their shareholder agreement signed in 2011. Styrolution will operate as an independent company until the deal is completed.

The transaction is expected to be completed in Q4 of 2014, and is still subject to antitrust approval. (PR)

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