BASF SE BASF Finance Europe N.V. - BASF.com

44
ammonium nitrate and ammonium nitrate fertilizers, NPK fertilizers (nitrogen, phosphate,
potassium), nitrophosphoric acid and three related nitric acid plants.
• On August 30, 2012, BASF concluded the sale of its offset printing inks business (IMEX),
announced on March 15, 2012, to Quantum Kapital AG, headquartered in St. Gallen, Switzerland.
The divestiture covers all offset printing inks activities as well as the transfer of all employees at
the site in Maastricht, the Netherlands, assigned to the business.
• As of November 30, 2012, BASF completed the divestiture of the decorative paints business of
Relius Coatings GmbH & Co. KG, Oldenburg, Germany, and of the participation in Relius France
S.A.S., Ostwald, France.
• As of December 19, 2012, BASF sold its Capcure® brand curative business to Gabriel
Performance Products LLC, based in Ashtabula, Ohio, USA.
BASF Group divested the following activities in 2011:
• On April 1, 2011, N.E. Chemcat Corporation, Tokyo, Japan, an entity jointly controlled with
Sumitomo Metal Mining, sold the business with chemicals for surface treatment and electroplating
to Metalor, an international group based in Switzerland.
• On April 8, 2011, BASF divested its surface technologies business for thermal spray coatings,
which had been acquired as part of the Engelhard acquisition in 2006. The business was sold to
North American firm Metal Improvement Company LLC, a subsidiary of Curtiss Wright
Corporation, based in New Jersey, USA. On August 31, 2011, the bisomer monomer business
and the conventional contact lens business of Cognis were divested to GEO Specialty Chemicals
Inc. In this way, BASF fulfilled the condition set down by the European Commission for its
approval of the Cognis acquisition. The transaction included production facilities in Hythe, United
Kingdom.
• On October 1, 2011, BASF and INEOS transferred their worldwide business activities in the
styrene monomer (SM), polystyrene (PS), acrylonitrile butadiene styrene (ABS), styrenebutadiene
block copolymer (SBC), copolymer blends and other styrene-based copolymer (SAN,
AMSAN, ASA, MABS) business activities into the newly-founded joint venture Styrolution. The
50% share held by BASF Styrolution is consolidated using the equity method. BASF does not
intend to hold this share permanently. With the founding of Styrolution, BASF received a cash
consideration in the amount of EUR 600 million as compensation for the value difference between
the businesses contributed by both joint venture partners.
Corporate purpose
Pursuant to Article 2 of its Articles of Association:
1. The purpose of BASF is to engage in the following areas of activity:
• chemistry and related areas,
• agriculture and nutrition,
• extraction and production of and dealing in oil, natural gas, mineral oil products and energies,
• development and production of and dealing in products and the provision of services in the
area of environmental technology,
as well as the carrying out of any other activities incidental to the activity in said areas or
conducive to promoting the same.
2. BASF is authorized to establish branches both in Germany and abroad, and to establish and acquire
business undertakings whose purposes are consistent with, related to or conducive to promoting the
ones stipulated in No. 1, both in Germany and abroad, or to acquire interests therein.
Term and dissolution
BASF has been established for an indefinite period of time. BASF may be dissolved upon a resolution of
the Shareholders' Meeting requiring a majority of at least three quarters of the share capital represented
during the resolution. The assets of BASF remaining after servicing all liabilities are distributed among the
shareholders pro rata to their shareholding in BASF pursuant to the provisions of the German Stock
Corporation Act.