BASF and Kony reach a preliminary acquisition agre

2022-08-11
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BASF and Kony reached a preliminary acquisition agreement

according to foreign media reports, citing informed sources, BASF, the world's largest chemical company, has reached a preliminary agreement with the owner of Cognis on Tuesday, planning to acquire this professional chemical product manufacturer

it is reported that BASF will pay between 3billion euros (US $3.6 billion) and 3.5 billion euros to Goldman Sachs Group and permira consulting company to complete the acquisition. The source said that the two sides of the transaction are still negotiating the final terms, which does not rule out the possibility of transaction failure

the report also pointed out that BASF may announce the acquisition of Kony in mid June. At present, the negotiations between the two sides have been going on for more than one month. However, the spokesman of BASF refused to respond to the above reports that the load can be controlled. It is necessary for us to sort out the basic points of aluminum alloy cable technology and product utilization

Kony was once a division of henkelkgaa, which was later sold to Goldman Sachs Group and permira consulting at a price of 2.5 billion euros. Kony has more than 5600 employees worldwide, and its net profit in the first quarter of this year was 47million euros. The company has been seeking opportunities to go public since this year

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