Avantium N.V. (ENXTAM:AVTX) agreed to acquire the remaining stake in SYNVINA C.V. from BASF SE (DB:BAS) on December 18, 2018. Post the transaction, Avantium will hold 100% stake in SYNVINA. Avantium has appointed Marcel Lubben as Managing Director of SYNVINA, to lead the commercialization of the YXY technology, and will join Victor Vreeken, Chief operations Officer of SYNVINA, and Willem-Jan Meijer, Financial Director of SYNVINA, in SYNVINA's leadership team. Richard Fens of DLA Piper acted as legal advisor to BASF Nederland B.V.

Avantium N.V. (ENXTAM:AVTX) completed the acquisition of the remaining stake in SYNVINA C.V. from BASF SE (DB:BAS) for €13.7 million on January 27, 2019.