Consumables
BASF sells shares in K+S Aktiengesellschaft for approximately 1 billion
Monday 14. March 2011 - BASF SE has success fully placed around 19.7 million shares of K+S Aktiengesellschaft (representing 10.3% of the companys share capital) with institutional investors at a price of 50.00 per share.
It was achieved through an accelerated bookbuilding transaction.
The total proceeds of the transaction amount to approximately 1 billion. BASF achieved a capital gain before taxes of about 900 million from the sale.