Ludwigshafen, Germany – November 17, 2008 – The additional acceptance period for BASF’s [BAS, BFA, AN] public tender offer to shareholders of Ciba Holding AG [CIBN], Basel, Switzerland, ended on November 14. During the offer period, a total of 53,350,051 Ciba shares have been tendered to BASF.
Ludwigshafen, Germany – November 12, 2008 – The Spanish investor group Bestinver has sold its stake of approximately 13 percent in Ciba Holding AG to BASF outside the public tender offer. The price per share is CHF 49.50. BASF will provide assurance to Ciba Holding AG that it will not exercise the voting rights attached to these shares before the settlement date.
BASF Venture Capital GmbH, Ludwigshafen, has invested in the US startup company NanoMas Technologies Inc. NanoMas develops inks containing silver nanoparticles that are easily processed to electrical circuits in printed electronics, solar cells and special adhesives.
Novy Urengoy. Today, on Wednesday, 12 November 2008, BASF and Russia’s OAO Gazprom officially launched natural gas production at the joint venture ZAO Achimgaz in Siberia. The German-Russian joint venture produces natural gas and condensate from the Achimov Formation, from which it also gets its name, in the Urengoy deposit.
The Polish company Wital has recently started using the styrene-based specialty plastic Luran® S 778T from the BASF range for protective road barrier reflectors. In doing so it has been able to replace the steel previously used for the mountings by a steel-gray colored variant of this acrylate-styrene-acrylonitrile polymer (ASA).
Ludwigshafen, Germany and Guangzhou, China – November 10 – The BASF Pavilion presents concepts and technologies for a sustainable future in Guangzhou – the third station of the Germany Esplanade and China’s southern gateway to the word. Until the end of the week, BASF is inviting visitors on a journey to explore energy efficient solutions for the construction and automotive industries as well as products of daily life. BASF is one of the six Official Partners of the initiative Germany and China – Moving Ahead Together.
Ludwigshafen, November 7, 2008 – BASF SE intends to sell its 50 percent holding in PEC-Rhin. PEC-Rhin is a 50-50 joint venture between BASF SE and GPN. The company produces ammonia, nitric acid and fertilizers in Ottmarsheim, France.
A semi-aromatic, high-temperature resistant polyamide, Ultramid® T KR4357 G6, is being employed in a new application. The A Raymond company, an international supplier of fastening systems for the automotive industry headquartered in France, is now using this specialty (PA6/6T) from BASF for its quick connectors for fuel pipes.
Münster. What do four spectacularly finished Audi TTs and 32 miniature VW Beetles have in common? Clad in iridescent colors with metallic, chrome and pearlescent effects, they will be turning heads at the R-M® booth at the Essen Motor Show from November 29 to December 7 (press-day on November 28). R-M®, a BASF Coatings’ paint brand, will be presenting CARIZZMA, its premium paint system, on all the cars.
Ludwigshafen, Germany – November 3, 2008 – Following the analysis of all tender declarations, BASF [BAS, BFA, AN] today announced the definitive interim result of its public tender offer to shareholders of Ciba Holding AG [CIBN], Basel, Switzerland. Up to the end of the offer period on October 28, 2008, a total of 46,022,745 of all outstanding Ciba shares were tendered to BASF.
