Brief: BASF India To Divest Stilbene Based Optical Brightening Agents Business To Archroma India

BASF India

08/07/2019 09:26

July 8 (Reuters) - BASF India Ltd  BASF.NS :
    * TO DIVEST STILBENE BASED OPTICAL BRIGHTENING AGENTS
BUSINESS TO
ARCHROMA INDIA PRIVATE LIMITED.
    * SAYS SALE FOR 335 MILLION RUPEES
    * SAYS TRANSACTION INCLUDES STILBENE-BASED OBA PRODUCT
PORTFOLIO
AND MANUFACTURING UNIT AT ANKLESHWAR, INDIA
    * SAYS TRANSACTION IS EXPECTED TO BE COMPLETED IN Q4 OF 2019

Source text: http://bit.ly/2S0pY7b
Further company coverage:  BASF.NS 

 ((Reuters.Briefs@thomsonreuters.com;))