Degussa completes sale of Construction Chemicals activities to BASF

Degussa completes sale of Construction Chemicals activities to BASF

Degussa AG, Dsseldorf, completed the sale of its Construction Chemicals activities to BASF AG, Ludwigshafen. The purchase price has been paid, and amounts to EUR 2.2 billion for the equity (net purchase price). With the debt to be assumed taken into account, the result is a transaction value of more than EUR 2.8 billion. In fiscal 2005, the activities of Degussa that are grouped in its Construction Chemicals reporting segment generated earnings before interest and taxes (EBIT) of EUR 223 million (fiscal 2004: EUR 201 million) on sales of EUR 2 billion (fiscal 2004: EUR 1.8 billion).