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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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