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Degussa Negotiates only with BASF on Sale of Construction Chemicals

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Feb 16 2006

BASF is interested in strengthening its portfolio in the area of construction chemicals. Following Degussa’s announcement that it was considering to divest its construction chemicals business, BASF signaled its interest and submitted an offer.

Degussa will conduct intensive negotiations only with BASF at present on the sale of Degussa’s construction chemicals activities. The joint aim is to conclude the purchase agreement for the transaction shortly.

BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. As a reliable partner to virtually all industries, BASF’s intelligent solutions and high-value products help its customers to be more successful. BASF develops new technologies and uses them to open up additional market opportunities. It combines economic success with environmental protection and social responsibility, thus contributing to a better future. In 2004, BASF had approximately 82,000 employees and posted sales of more than €37 billion. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA), New York (BF) and Zurich (AN).

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