Home / Knowledge / News / Textiles / BASF intends to fully integrate Ciba into BASF Group
BASF intends to fully integrate Ciba into BASF Group
10
Apr '09
BASF has successfully completed its acquisition of Ciba Holding AG, which closed with the payment of the offer price to Ciba shareholders. At the same time, the tendered shares were transferred to BASF. The company now holds 95.8 percent of Ciba. Ciba shares that were not tendered as part of the public offer can be traded on the SIX Swiss Exchange until further notice.

As of closing, BASF Board member Dr. Hans-Ulrich Engel has become Chairman of Ciba's Board of Directors, the company's senior supervisory body. Further members of this body are Hans-Walther Reiners and Dr. Jörg Buchmüller. All three BASF managers were elected at t he Extraordinary Meeting of Shareholders of Ciba Holding AG held in Basel, Switzerland, in December 2008. All previous members of Ciba's Board of Directors have resigned.

BASF intends to fully integrate Ciba into the BASF Group. The integration process will start with a “Discovery Phase”. During this phase, joint teams consisting of BASF and Ciba employees will analyze the acquired businesses in depth. The goal of the analysis is to define a market-oriented positioning for the combined businesses as well as the optimal organizational structure. The actual integration process will start in July 2009 on the basis of these results.

BASF

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search