Issue Date: March 23, 2009
European Commission Approves Ciba Deal
BASF's acquisition of Ciba has received conditional approval from the European Commission, with a decision by the U.S. Federal Trade Commission still pending. To satisfy the commission, BASF has agreed to divest certain specialty chemical assets for the paper, dyestuffs, plastics, and skin care markets. These assets include a BASF dimethylaminoethyl acrylate plant in Ludwigshafen, Germany; Ciba's bismuth vanadate and European synthetic dry strength agents businesses; resources related to Ciba's indanthrone . . .
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