BASF SE (XTRA:BAS) signed an agreement to acquire the remaining 49% stake in Alsachimie S.A.S. from DOMO Chemicals GmbH on May 28, 2025. A cash consideration will be paid by BASF SE. As part of consideration, an undisclosed value is paid towards common equity of Alsachimie S.A.S. Upon completion, BASF SE will own 100% stake in Alsachimie S.A.S. According to applicable laws, the intended transaction is subject to consultations with the relevant social bodies of Alsachimie, following which both companies would enter into a binding purchase agreement.
As the sole owner of Alsachimie, BASF would be able to further strengthen its production setup and maximize backward integration into key raw materials in the PA 6.6 value chain. Pending these consultations, BASF and DOMO Chemicals expect to close the transaction by mid-2025.