You are here: Home » News-CM » Companies » News
Business Standard

BASF to sell Kaolin Minerals business to KaMin LLC, USA

Capital Market 

BASF India announced that BASF SE, Germany (Ultimate Holding Company of BASF India) that they have signed an agreement with KaMin LLC / CADAM S. A. (KaMin), a global performance minerals company headquartered in Macon, Georgia, United States, to sell BASF's Kaolin minerals business globally.

The closing of the transaction is expected in the second half of 2022, subject to receipt of requisite approvals from relevant Competition Commission / Anti-Trust authorities.

The Kaolin Minerals business, forms part of the Performance Chemicals Division of Industrial Solutions Segment of BASF India, and has generated net sales of approx. Rs.8.5 crore during the financial year ended 31 March 2021.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, November 20 2021. 14:42 IST