Jankovic Popovic Mitic has advised BASF on the sale of its Construction Chemicals business in Serbia to an affiliate of private equity firm Lone Star.
According to JPM, BASF and an affiliate of Lone Star signed an agreement in 2019 for the acquisition of BASF’s Construction Chemicals business worldwide. With around 7,500 employees, the Construction Chemicals business operates in more than 60 countries, including Serbia.
The Serbian part of the transaction closed on November 30, 2020.
JPM’s team was led by Partner Jelena Stankovic Lukic.