Federal Trade Commission USA requires BASF sell off some pigment business to receive go ahead for Ciba acquisition
The chemical giant BASF has been instructed inder the terms of the US FTC consent order, to sell all assets, including intellectual property, to two pigments, bismuth vanadate and indanthrone blue, to a Commission-approved buyer within 6 months. A mere drop in the ocean for a lumbering giant like BASF.
With both the European and USA monopolies regulators sanctioning the go-ahead for BASF to acquire Ciba, the re-organisation of the combined paper chemicals businesses will begin. As a Ciba employee stated recently, 'We just wait for BASF to order us what to do. They have made their plans and we will not be consulted.'
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