Thursday, November 15, 2007

BASF acquires stake in PBT joint venture in Europe

PBT joint venture- BASF GE Schwarzheide GmbH & Co. KG. The shares will be transferred on December 31, 2007, subject to approval by the relevant authorities. The transfer of the shares will not have any effects for the employees since those working in the joint venture are already personnel of BASF Schwarzheide GmbH, the joint venture's general partner.
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