Home / Knowledge / News / Textiles / BASF acquires 94.55% shareholding of Ciba
BASF acquires 94.55% shareholding of Ciba
Nov '08
The additional acceptance period for BASF's [BAS, BFA, AN] public tender offer to shareholders of Ciba Holding AG [CIBN], Basel, Switzerland, ended on November 14. During the offer period, a total of 53,350,051 Ciba shares have been tendered to BASF.

Together with the 1,011,536 Ciba shares that BASF held before the publication of the pre-announcement, the 9,021,802 Ciba shares that BASF bought from the Spanish Bestinver Group outside the public tender offer and the 1,918,547 own shares held by Ciba, this results in a participation of 65,301,936 Ciba shares.

This corresponds to 94.55 percent of all issued Ciba shares. This result is preliminary and subject to the final analysis of the tender declarations of Ciba shareholders submitted during the additional acceptance period. BASF will publish the definitive final result on November 20.

“We would like to thank all Ciba shareholders who tendered their shares and thus established an important step towards the complete acquisition of Ciba by BASF. We are confident of successfully completing the transaction as planned,” said Dr. Jürgen Hambrecht, Chairman of the Board of Executive Directors of BASF SE.

The next step in the acquisition process will be to remove the voting rights and registration restrictions in the articles of association of Ciba Holding AG. The extraordinary General Meeting required to amend the articles of association will be held on December 2, 2008. Following the General Meeting, a second trading line is to be opened on the Swiss stock exchange for the tendered Ciba shares.

This will allow the shares to be traded up to the settlement date. The shares remain tendered and are automatically transferred to BASF on the settlement date irrespective of the share owner on that date. The transfer of shares to BASF and the payment of the offer price will take place on the settlement date, which is expected in the first quarter of 2009.


Must ReadView All

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search