BASF PLEDGES UV FILTER LICENCE AGREEMENT TO SECURE CIBA TAKEOVER
March 1st, 2009
BY KEITH NUTHALL
A PROPOSED acquisition of chemical producer Ciba, of Switzerland, by BASF SE of Germany, has been cleared by the European Commission, after the German chemicals giant agreed to allow to share certain UV filters owned by the Swiss firm. BASF has promised to conclude a licence agreement giving third party access to the technology behind Tinosorb S (a UV filter patented and currently solely produced by Ciba). This and commitments to sell and transfer other parts of Ciba's business was required by Brussels as a condition of approving the agreement, ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.