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BASF Coatings Completes Sale to Carlyle, Relaunches as Surventis
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3 Articles
3 Articles
Here you will find information on the topic "Chemistry". Read now "Sales of varnishes division brings BASF billions".
·Germany
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BASF Coatings Completes Sale to Carlyle, Relaunches as Surventis
The automotive OEM, refinish and surface treatment business begins operating July 1 as a standalone company under Carlyle Group and Qatar Investment Authority ownership, with BASF retaining a 40% stake. The automotive coatings business formerly known as BASF Coatings began operating July 1 as an independent company under a new name, Surventis, a day after Carlyle Group completed its acquisition of a majority stake in a transaction valued at €7.7…
The billion-dollar deal with Carlyle strengthens BASF's balance sheet and marks a turning point in the Group's strategic realignment.
·Düsseldorf, Germany
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Total News Sources3
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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