BASF to sell 25% stake of SolVin PVC venture in Germany to Solvay
7/1/2015 12:00:00 AM
BASF is selling its 25% share in the joint venture SolVin to Solvay, the German chemicals company announced on Wednesday.
The transaction will take place on July 1, 2015. Financial details were not disclosed.
In addition, BASF says it has reached agreements with Solvay and Inovyn to continue to supply BASFs site in Antwerp with basic chemicals.
SolVin was established in 1999 as a 75-25 joint venture between Solvay and BASF in the area of polyvinyl chloride (PVC).