Posted in | News | Business | Petrochemicals

BASF and Shell Sell Their Joint Venture Basell

Aug 2 2005

BASF and Shell Chemicals have completed the sale of their 50-50 joint venture Basell - one of the world's leading manufacturers of polyolefins - to Nell Acquisition S.a.r.l., an affiliate of New York-based Access Industries. The sale price totals C4.4 billion, including debt. The relevant merger control approvals had already been granted.

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