Deals
Ineos to Buy Partner BASF’s Stake in Styrolution Venture
This article is for subscribers only.
Ineos Group Holdings Inc. will buy full control of a styrene plastics joint venture with BASF SE for 1.1 billion euros ($1.5 billion) in a bet it can extend a move into more-profitable products for the electronics and automotive industries.
The companies plan to complete the transaction by the end of the year, they said in a statement. Rolle, Switzerland-based Ineos had a call option to buy its German partner’s share in the partnership under an agreement reached in 2011, they said.