Core Viewpoint - BASF SE is set to acquire DOMO Chemicals' 49% stake in the Alsachimie joint venture, which will grant BASF full ownership of the JV, enhancing its position in the polyamide 6.6 value chain [1][2] Group 1: Acquisition Details - BASF currently holds a 51% stake in the Alsachimie joint venture and plans to acquire the remaining 49% from DOMO Chemicals [1] - The transaction will undergo consultations with Alsachimie's relevant social bodies before a binding purchase agreement is signed, with an expected closure by mid-2025 [1][2] Group 2: Strategic Implications - Full ownership of Alsachimie will strengthen BASF's operations at its Chalampé site in France, a key hub for polyamide 6.6 precursor production [2] - With sole control, BASF aims to enhance production efficiency and deepen backward integration into critical raw materials, solidifying its presence across the entire PA 6.6 value chain [2] Group 3: Market Position and Performance - The acquisition reinforces BASF's leadership and commitment to the PA 6.6 value chain, positioning the company for future growth in industries such as automotive and textiles [3] - BASF shares have declined by 7.9% over the past year, compared to a 28.4% decline in its industry [3]