BASF Aktiengesellschaft, Ludwigshafen, has reached an agreement with Degussa AG, Düsseldorf, to acquire Degussa’s construction chemicals business. The purchase price for equity is just under EUR 2.2 billion. As a result, the transaction value for BASF is EUR 2.7 billion. The transaction, which still requires approval from the relevant authorities, is expected to close by the middle of 2006.
