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Ciba and BASF agree to sell Ciba's CHIMASSORB 119 FL hindered amine light stabilizer business to Sabo S.r.l.
Ciba, 04/06/09
Ciba Inc., BASF SE and Sabo S.r.l. have concluded an agreement for Sabo to acquire Ciba's CHIMASSORB 119 FL hindered amine light stabilizer (HALS) business, subject to the completion of the BASF acquisition of Ciba. This divestment will resolve the competition concern in the HALS market as identified by the European Commission in its ruling regarding the acquisition of Ciba by BASF.
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