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Europe Daily Bulletin No. 7793

7 September 2000
Contents Publication in full By article 22 / 51
GENERAL NEWS / (eu) eu/competition
Commission authorises BASF (Germany) to acquire participation in DyStar (Germany)

Brussels, 06/09/2000 (Agence Europe) - The European Commission has authorised the German company BASF AG to acquire a stake in Dystar Textilfarben GmbH & Co. Deutschland KG, specialised in textile dyestuff. In the context of this move, BASF will integrate its world activities in textile dyestuffs in Dystar for which it acquires joint control with the German companies Bayer AG and Hoechst AG. The company will have an annual turnover of around DM 2.2 billion and will employ 4,700.

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