Since the establishment of its first fund in 1995, Lone Star has organized twenty private equity funds with aggregate capital commitments totaling approximately $85 billion. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com. Lone Star Funds to acquire BASF’s Construction Chemicals business Today, BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. Sara Luebking, Hill+Knowlton Strategies GmbH, Phone: +49 69 973 6263, Mobile: +49 174 341 9220, sara.luebking@hkstrategies.com, Christina Pretto, Communications and Public Affairs, Lone Star Global Acquisitions, LLC, Phone: Learn more. “BASF’s Construction Chemicals business fits very well with our portfolio, complementing our investments in the construction materials industry,” said Donald, Quintin, President of Europe at Lone Star. The transaction is expected to close in the third quarter of 2020, subject to the approval of the relevant competition authorities. The business complements Lone Star’s portfolio of investments in construction materials, the private equity firm said. Dallas-based Lone Star Funds is buying the construction chemicals business of Germany-based BASF for $3.5 billion.
News releases via push notification directly to your smartphone, Dr. BASF generated sales of around €63 billion in 2018. Forward-looking statements are not guarantees of the future developments and results outlined therein. As a leading private equity investor in construction materials and related industries, Lone Star has extensive international experience in the sector with a strong portfolio of investments across both Europe and North America. recognized knowledge and competence of BASF’s Construction Chemicals experts, backed by a strong track record in innovative products and a compelling R&D, pipeline. As a leading private equity investor in construction materials and related industries, Lone Star has extensive international experience in the sector with a strong portfolio of investments across both Europe and North America. For more information about Lone Star, go to www.lonestarfunds.com. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF announced a strategic review of the division last year. BASF generated sales of around €63 billion in 2018. An affiliate of Billionaire John Grayken’s Lone Star Funds agreed to buy BASF SE’s construction chemicals business for 3.17 billion euros ($3.5 billion). This page is available in the following languages: Copyright 2020 Registered trademark of the BASF Group in many countries of the world, Today, BASF and an affiliate of Lone Star, a global private equity firm, signed a. Lone Star is a private equity firm that invests globally in real estate, equity, credit and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized twenty private equity funds with aggregate capital commitments totaling approximately $85 billion. BASF generated sales of around €63 billion in 2018. These statements are based on current estimates and projections of the Board of Executive Directors and currently available information. The approximately 122,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. We combine economic success with environmental protection and social responsibility. Lone Star is a leading private equity firm advising funds that invest globally in real estate, equity, credit and other financial assets. The purchase price on a cash and debt-free basis is €3.17 billion. Covid Doctors Find a Turning Point in Life-Threatening Cases, Biden Now Predicted to Win 352 Electoral Votes: FiveThirtyEight, Early Covid Treatments Could Be a ‘Bridge’ to Vaccine, Every Day-Trader Dollar Is Worth Five in a New Theory on Stocks, New York Cases Top 1,000; Midwest Breaks Records: Virus Update. We look forward to jointly pursuing a growth-oriented business approach.”, With more than 7,000 employees, BASF’s Construction Chemicals business, operates production sites and sales offices in more than 60 countries and generated.
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