BASF and Carlyle Agree on €7.7 Billion Coatings Business Deal

BASF SE, Germany, and funds managed by Carlyle have entered into a binding agreement relating to BASF’s automotive OEM coatings, automotive refinish coatings and surface treatment businesses. The global enterprise value of the transaction amounts to €7.7 billion. BASF will reinvest in the coatings business holding a 40% equity stake and will receive pre-tax cash proceeds of approx. €5.8 billion at closing. In India, the automotive OEM coatings and automotive refinish coatings were transferred to BASF India Coatings Private Limited, a wholly owned subsidiary of BASF India Limited, effective 15th January 2025. As of 31st March 2025, the Coatings business generated sales of Rs.479.6 crore representing 3.1% of the consolidated sales. The Company will evaluate and assess the effect of this global announcement on BASF India Limited and its wholly owned subsidiary, BASF India Coatings Private Limited.