BASF acquires shares in CIBA from Spain's Bestinver

17-Nov-08
BASF has acquired 13% stake in Ciba Holding AG from Spanish investor group Bestinver, outside the public tender offer. BASF will provide assurance to Ciba Holding AG that it will not exercise the voting rights attached to these shares before the settlement date. By the end of the additional acceptance period, BASF expects to acquire significantly more than 90% of Ciba shares.
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