During the approval process in Europe BASF made commitments to address the competition concerns of the EU Commission. They require divesting parts of the original transaction scope to a third-party buyer, namely manufacturing assets and innovation capabilities of Solvay’s polyamide business in Europe. The divestment process started in Q4 2018.
The polyamide businesses to be acquired in the Americas and in Asia are not affected by the commitments.
BASF will achieve key strategic objectives from the acquisition and strengthen its polyamide 6.6 business significantly. The acquisition will complement BASF’s engineering plastics portfolio, enhance the access to key growth markets in Asia and South America as well as strengthen the value chain through backward integration into key raw materials such as ADN (adipodinitrile).