Significant Events

As of January 1, 2019, we have twelve divisions grouped into six segments as follows:

  • Chemicals: Petrochemicals and Intermediates
  • Materials: Performance Materials and Monomers
  • Industrial Solutions: Dispersions & Pigments and Performance Chemicals
  • Surface Technologies: Catalysts, Coatings and Construction Chemicals
  • Nutrition & Care: Care Chemicals and Nutrition & Health
  • Agricultural Solutions: Agricultural Solutions

The segment data for 2018 presented in this quarterly statement has been restated to reflect the new organizational structure. The areas of responsibility within the Board of Executive Directors were also reallocated with the reorganization.

For more information on the new organizational structure, see The BASF Group in the BASF Report 2018(PDF:) For more information on the restated segment data, see the brochure Restated Figures 2018 and 2017For more information on the allocation of responsibilities within the Board of Executive Directors, see Management and Supervisory Boards in the BASF Report 2018

On September 18, 2017, we signed an agreement with the Solvay group on the acquisition of Solvay’s global polyamide business, subject to the approval of the relevant antitrust authorities. The E.U. Commission granted conditional clearance for BASF to acquire the polyamide business on January 18, 2019. These conditions require the sale of parts of the original transaction volume to a third party. The divestment process has started. The transaction is expected to close in the second half of 2019.

For more information, see Material Investments and Portfolio Measures in the BASF Report 2018

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. Since February 1, 2019, we have held a 49% share in Solenis, which is accounted for using the equity method. Our share in Solenis’ income after taxes has since been included in EBIT before special items and EBIT of the BASF Group, presented in Other.

For more information, see Events After the Reporting Period in the BASF Report 2018

Following the approval of all relevant authorities, BASF and LetterOne completed the merger of Wintershall and DEA on May 1, 2019. In September 2018, BASF and LetterOne had signed a transaction agreement to merge their respective oil and gas businesses in a joint venture. BASF’s participating interest in Wintershall Dea will be reported in the consolidated financial statements of the BASF Group according to the equity method as of May 1, 2019, with an initial valuation at fair value. The gain from the transition from full consolidation to the equity method will be shown in income after taxes from discontinued operations for the second quarter of 2019. As of May 1, 2019, BASF will report its share of Wintershall Dea’s net income in EBIT before special items as well as in EBIT of the BASF Group, reported under Other.