Duff & Phelps Advised BASF SE on its Sale of Ciba Expert Services to Intertek Group Plc.
About Ciba Expert Services
Ciba Expert Services (“Ciba”) provides regulatory and safety testing services. The company engages in gaining health, safety and environmental approvals and addressing hazardous substances and chemicals notifications and regulations worldwide. Ciba operated as a subsidiary of BASF SE (“BASF”), a global chemicals company. BASF is listed on the Deutsche Börse Stock Exchange, the London Stock Exchange and the Swiss Exchange.
About Intertek Group plc.
Intertek Group plc (“Intertek”) is a provider of quality and safety solutions for many of the world’s leading brands and companies. The Company helps customers improve performance, gain efficiencies in manufacturing and logistics, overcome market constraints and reduce risk. Intertek is listed on the London Stock Exchange.
Duff & Phelps was retained as the exclusive financial advisor to BASF to provide merger and acquisition advisory services in connection with a sale of Ciba.
Role of Duff & Phelps
Ciba was acquired by Intertek. The transaction closed in March 2010.