BASF SE (Ludwigshafen, Germany; www.basf.com) is selling its 25% share in the joint venture (JV) SolVin to Solvay S.A. (Brussels, Belgium; www.solvay.com). The transaction will take place on July 1, 2015. Financial details were not disclosed.
In addition, BASF has reached agreements with Solvay and Inovyn to continue to supply BASF’s site in Antwerp with basic chemicals.
SolVin was established in 1999 as a 75-25 JV between Solvay and BASF in the area of polyvinyl chloride (PVC).