BASF SE has announced the signing of an agreement to sell its global mining solutions business to SNF. The transaction encompasses the mining solutions product portfolio, a production site in Cork, Ireland, and approximately 140 employees worldwide. The deal is expected to close in 2027, pending regulatory approvals. In India, the mining solutions business, part of BASF India’s Performance Chemicals division, generated net sales of approximately Rs 27.13 crore for the financial year ended 31st March 2026.
BASF Divests Global Mining Solutions Business
BASF SE, the ultimate holding company of BASF India Ltd, has globally announced the signing of an agreement to divest its entire mining solutions business to SNF. This strategic transaction includes the transfer of the mining solutions product portfolio, the production facility located in Cork, Ireland, and the assimilation of approximately 140 employees worldwide into SNF.
Deal Timeline and Approvals
The closing of this significant transaction is projected to occur in 2027. This timeline is contingent upon the successful receipt of requisite approvals from the relevant merger control authorities and the fulfillment of customary closing conditions stipulated under the global agreement.
Indian Market Impact
Within India, the mining solutions business operates as a component of the Performance Chemicals division, which itself is part of the Industrial Solutions segment of BASF India Limited. For the financial year concluding on 31st March 2026, this mining solutions business contributed net sales amounting to approximately Rs 27.13 crore.
Source: BSE
