Cognis Owners Sell Company to BASF

MONHEIM, Germany – Cognis Holding Luxembourg S.à r.l., controlled by Permira Funds, GS Capital Partners and SV Life Sciences, signed a sale and purchase agreement to sell 100 percent of the shares in Cognis Holding GmbH to BASF SE. Valued at €3.1 billion, the transaction is expected to be completed at the latest by November 2010.