BASF to Acquire Full Ownership of Alsachimie Joint Venture

BASF SE (BASFY) and DOMO Chemicals have reached an agreement granting BASF the right to acquire DOMO Chemicals’ 49% stake in the Alsachimie joint venture (JV). Notably, BASF already holds a 51% stake in the JV. In line with legal requirements, the proposed transaction will first undergo consultations with Alsachimie’s relevant social bodies. After these consultations, the two companies plan to sign a binding purchase agreement. BASF and DOMO Chemicals expect the transaction to close by mid-2025.Gaining full ...