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BREAKING NEWS

BASF to buy Solvay's global polyamide business for 1.6 billion euro

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BASF to buy Solvay's global polyamide business for 1.6 billion euro

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FRANKFURT (Reuters) – German chemicals group BASF <BASFn.DE> has agreed to buy the global polyamide business of Belgian rival Solvay <SOLB.BR> for 1.6 billion euros (1.42 billion pounds) excluding debt. BASF said on Tuesday the acquisition would complement its engineering plastics portfolio and enhance its access to key growth markets in Asia and South America.

(Reporting by Georgina Prodhan; Editing by Shadia Nasralla)
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