The completion of the audit process means that the acquisition process has entered an important new mileage.
Through this acquisition, BASF will achieve key strategic goals to enhance its polyamide 6.6 business. The acquisition will improve the Pasov engineering plastic product portfolio and further open up the main growth market share in Asia and South America. At the same time, BASF will also enhance the backward integration of ADIPODINITRILILILILILE 6.6 of its polyamide 6.6 to consolidate its value chain.
| The US and Asian polyamide business, which will be acquired, is not affected by commitments. |
After completing all the remaining trading conditions, it is expected to complete the delivery in the second half of 2019, including selling remedial plans to third parties.
| ] Recently, the European Commission has completed the audit procedures for BASF’s acquisition of Solvidamide business. The completion of the audit process means that the acquisition process has entered an important new mileage. |
They actively requested that the part of the scope of the original transaction, that is, the manufacturing assets and innovative technologies of the Solvi European polyamide business . The transfer process has begun in the fourth quarter of 2018.
| During the European review process, BASF promised to attach importance to market monopoly issues that the European Commission’s attention. |