BASF and Stahl have signed an agreement March 22 to combine BASF’s leather chemicals business with Stahl Group. The transaction is subject to approval by the relevant authorities and the closing is expected to take place in the fourth quarter of 2017.
Under the terms of the agreement, BASF will receive a 16% minority stake in the Stahl Group. Furthermore, BASF will supply significant volumes of leather chemicals to Stahl under mid- to long-term supply agreements.
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