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BASF Interested in Acquiring Degussa's Construction Chemicals Business

Feb 17 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.

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