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BASF (BASFY.PK) will buy Cognis for €3.1B ($3.8B), moving BASF away from commodity...

BASF (BASFY.PK) will buy Cognis for €3.1B ($3.8B), moving BASF away from commodity chemicals that competitors produce more cheaply in favor of high-margin businesses like personal care and cosmetics. Cognis is owned by Goldman Sachs (GS) and Permira Advisers. (PR)
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