BASF completes Ciba acquisition and makes plans for full integration

Published: 9-Apr-2009

BASF says it has completed its acquisition of Ciba Holding AG, which closed today with the payment of the offer price to Ciba shareholders and the tendered shares transferred to BASF. BASF now holds 95.8% of Ciba. Ciba shares not tendered as part of the public offer can be traded on the SIX Swiss Exchange until further notice.


BASF says it has completed its acquisition of Ciba Holding AG, which closed today with the payment of the offer price to Ciba shareholders and the tendered shares transferred to BASF. BASF now holds 95.8% of Ciba. Ciba shares not tendered as part of the public offer can be traded on the SIX Swiss Exchange until further notice.

Dr Hans-Ulrich Engel, BASF board member, is now chairman of Ciba’s board of directors. BASF managers Hans-Walther Reiners and Jörg Buchmüller have also been elected to this supervisory body but all previous members of Ciba’s board of directors have resigned.

BASF says it intends to fully integrate Ciba into its group, starting with a “discovery phase”, during which joint teams of BASF and Ciba employees will analyse the acquired business in depth. The aim is to define a market oriented positioning for the business as well as the optimal organisational structure. The integration process will then begin in July 2009 on the basis on these results.

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