3 – Acquisitions and Divestitures


In 2022, BASF sold the following activity:

On April 12, 2022, BASF completed the sale of a 25.2% interest in the Hollandse Kust Zuid wind farm to Allianz Capital Partners (on behalf of Allianz Insurance Companies). Since then, BASF’s remaining shares in the company holding the interest in the wind farm, HKZ Investor Holding B.V., have been accounted for using the equity method. The proportional income after taxes and non-controlling interests is presented in the BASF Group’s income from operations. The integral investment is not allocated to any division but reported under Other. The disposal gain includes the gain from the transition from full consolidation to the equity method and is likewise presented in income from operations. The calculation is summarized in the table below:

Calculation of the disposal gain on the 25.2% share in the Hollandse Kust Zuid wind farm (Million €)


April 12, 2022

Fair value of assets received


Disposed net assets


Assets of the disposal group


Reinstated receivables


Liabilities of the disposal group


Reinstated liabilities

Recycling of income and expenses previously recognized directly in equity (recognized in the statement of income on disposal)




Disposal gain before taxes


Tax expense

Disposal gain after taxes