The deal, combined with BASF’s earlier divestment of its decorative paints business, values the company’s entire Coatings division at €8.7 billion, reflecting an implied 2024 EV/EBITDA multiple before special items of approximately 13x. BASF will retain a 40% equity stake in the business and is expected to receive around €5.8 billion in pre-tax cash proceeds at closing.
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