Siegfried: German Kartellamt greenlights acquisition of three BASF sites

14-Jul-2015 - Switzerland

As announced earlier, Siegfried Group has signed an agreement with BASF of Germany concerning the acquisition of significant segments of that company’s pharmaceutical supply business and connected chemical-pharmaceutical production units in France, Germany and Switzerland. The German antitrust authorities (Bundeskartellamt) have now disclosed that it has no reservations concerning the acquisition of three BASF sites by the Siegfried Group, an important precondition for implementation of the agreements. Siegfried, therefore, expects the agreement to be finalized at the beginning of the fourth quarter.

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