Cognis Holding Luxembourg has signed a sale and purchase agreement to sell 100 percent of the shares in Cognis Holding GmbH to BASF. The enterprise value is 3.1 billion euros.
Since 2001, Cognis has been successfully transformed into a highly profitable specialty chemicals supplier focused on innovation-driven growth markets. “Cognis has performed very well over the last few years and is well positioned in the attractive growth markets. The transaction combines expertise and synergies in technologies, innovations and market know-how.
This will allow the leveraging of business opportunities and provide a comprehensive range of products and solutions for the customers. We also believe that Cognis’ excellent market position and clear focus on the wellness and sustainability trends, especially our green products, make a perfect strategic fit”, says Antonio Trius, Chief Executive Officer, Cognis.
