BASF completes divestment of construction chemicals business to private equity firm

MOSCOW (MRC) -- On September 30, 2020, effective at midnight, BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm, said the company.The purchase price on a cash and debt-free basis is EUR3.17 billion. The Construction Chemicals business now forms the newly founded MBCC Group, headquartered in Mannheim, Germany. "Lon

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