BASF and partner agreed to sell water treatment specialist Solenis to Platinum Equity

BASF and partner agreed to sell water treatment specialist Solenis to Platinum Equity
WESPECH PTE LTD
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07.07.2021

MOSCOW (MRC) -- BASF and Clayton, Dubilier & Rice have signed an agreement to sell Solenis to Platinum Equity, a California-based private equity company founded in 1995, said the company. The transaction implies an enterprise value for Solenis of USD5.25 billion, which includes net debt of around USD2.5 billion, subject to adjustments at closing. Since February 1, 2019, BASF has held 49%

Full article at mrcplast.com

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