35 – Non-Adjusting Post-Balance Sheet Date Events

On January 31, 2019, BASF and Solenis concluded the transfer of BASF’s paper and water chemicals business to Solenis that had been announced in May 2018. BASF gained a share of 49% in Solenis as of February 1, 2019. 51% of the shares will be held by funds managed by Clayton, Dubilier & Rice and senior management. The transaction covered production facilities and plants pertaining to BASF’s paper and water chemicals business in Bradford and Grimsby, United Kingdom, Suffolk, Virginia, Altamira, Mexico, Ankleshwar, India and Kwinana, Australia. The BASF Paper and Water Chemicals business unit’s production plants that are tightly integrated in the Verbund in Ludwigshafen, Germany, and in Nanjing, China, will remain with BASF, supplying the joint company with products and raw materials based on medium and long-term supply agreements. BASF’s paper coating chemicals portfolio was not part of the transaction. As of the closing of the transaction, BASF’s share of Solenis’ income after taxes will be accounted for using the equity method due to BASF’s significant influence, and included in EBIT of the BASF Group, presented in Other.