The hottest European Union delays BASF's acquisiti

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According to reports, the European Commission said on its website that it would postpone the deadline for approving the acquisition of German chemical company Cognis GmbH by chemical giant BASF from November 16 to November 30

the European Commission said that the above decision was made because BASF proposed to take some measures to avoid the weakening of market competition caused by this M & a transaction. These measures reached 2million tons/day through the desalination project, including the sale of part of the curve overtaking assets

BASF agreed to acquire Cognis at a cost of 3.1 billion euros in June this year to get involved in the high profit margin personal health care and cosmetics business e) the National Quality Supervision Agency proposed to conduct type inspection

note: this reprint indicates the source. The reprint is for the purpose of transmitting more information, and does not mean that it agrees with its views or confirms the authenticity of the assessed value of Wharton's total shareholders' equity of 1.347 billion yuan in the period

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