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BASF achieves a capital gain of €900 M from K+S Aktiengesellschaft shares sale

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

BASF SE has successfully placed approximately 19.7 million shares of K+S Aktiengesellschaft (representing 10.3 percent of the company’s 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.

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