Russian company to take over German chemical giant’s subsidiary ...News

President Vladimir Putin has allowed an acquisition of the German BASF company’s asset in the country by a domestic enterprise Russian President Vladimir Putin allowed the acquisition of the BASF Vostok (BASF East) by a major domestic paintwork materials producer, Lakra Sintez. The asset in question was a subsidiary of the Germany-based BASF multinational chemical giant that decided to leave Russia back in 2022 because of the Ukraine conflict. Lakra Sintez was granted a right to buy out 100% of shares of the BASF Vostok under a presidential decree introducing “special economic measures” in response to the “unfrien

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