BASF to Sell Industrial Water Management to Degrémont

BASF has signed a contract to sell its subsidiary Industrial Water Management France based in Lyon, France to Degrémont, the world water treatment specialist for local authorities and industrial customers. Degrémont, a subsidiary of Suez Environment, will continue operations at the production sites in Lyon and La Courneuve, France. Closing of the transaction is expected to take place during the third quarter 2013.