PR Title: |
BASF to acquire parts of Ciech’s TDI business |
PR Summary: |
BASF and Ciech today announced the acquisition of parts of Ciech’s global TDI (toluene diisocyanate) business by BASF. The acquisition is subject to approval by the appropriate antitrust authorities. Closing of the transaction is expected in the first quarter of 2013. Financial terms of the agreement were not disclosed. |