Lone Star Funds to acquire BASF's construction chemicals business for EUR 3.17 bn

Chemicals giant BASF has entered into a pact with an affiliate of Lone Star, a global private equity player, to sell its construction chemicals business for EUR 3.17 billion (around Rs 25,003 crore), according to a regulatory filing.

In a filing to BSE, BASF India Ltd said, "We have now been informed by BASF SE, Germany, parent company, that it has signed a purchase agreement with an affiliate of Lone Star, a global private equity player, for acquisition of BASF's construction chemicals business."