BASF SE, the Ultimate Holding Company of BASF India Limited, announced on November 12, 2026 that it has signed an agreement to sell its global mining solutions business to SNF. The transaction includes the complete mining solutions product portfolio, the production site located in Cork, Ireland, and approximately 140 employees worldwide.
The closing of the transaction is expected to occur in 2027, subject to receipt of requisite approvals from relevant merger control authorities and fulfillment of customary closing conditions under the global agreement.
In India, the Mining Solutions business operates as part of the Performance Chemicals division, which falls under the Industrial Solutions segment of BASF India Limited. For the financial year ended March 31, 2026, the mining solutions business generated net sales of approximately ₹27.13 crore.
The disclosure is made to the stock exchanges as a regulatory requirement for material corporate actions by the parent company that affect the Indian subsidiary's business operations.