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Business
BASF Closes On Ciba Purchase
by Michael McCoy
April 13, 2009
| A version of this story appeared in
Volume 87, Issue 15
BASF has completed the $5.1 billion acquisition of specialty chemical maker Ciba. The U.S. Federal Trade Commission recently cleared the deal, provided that BASF sells all assets related to two pigments, bismuth vanadate and indanthrone blue, within six months. Earlier, the European Commission cleared the merger on the condition that BASF divests businesses with combined sales of close to $125 million per year. BASF has already sold the light stabilizer Chimassorb 119 FL to the Italian firm Sabo.
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