Events After the Reporting Period

On January 31, 2019, BASF and Solenis completed the transfer of BASF’s paper and water chemicals business to Solenis as announced in May 2018.

The business was allocated to the Performance Chemicals division until this date. As of February 1, 2019, we hold a 49% share in Solenis. The transaction includes production sites and plants of BASF’s paper and water chemicals business in Bradford and Grimsby, U.K.; Suffolk, Virginia; Altamira, Mexico; Ankleshwar, India; and Kwinana, Australia. Since closing, we have accounted for our share in Solenis’ income after taxes using the equity method due to our significant influence, and included this in EBIT of the BASF Group, presented in Other.