- 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)
at CNBC.com (Nov 11, 2014)