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€3bn BASF-Cognis deal could come next week

10-Jun-2010

Related topics: Financial & Industry

A deal for chemicals giant BASF to buy ingredients firm Cognis could be announced next week and carry a €3bn price tag, according to Reuters.

The newswire cites unnamed sources as saying the agreement has been agreed in principle, although BASF and Cognis’ currnet owners Permira and Goldman Sachs Capital Partners have kept their silence. The mooted €3bn price tag would include debt, it says.

Reuters had previously worked out a possible value of €3.4bn, based on remarks from Cognis CFO Marco Panichi.

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