Overview

• Completion is targeted for the second quarter of 2026, pending approvals from competition authorities.
• Qatar Investment Authority will participate as a co-investor alongside Carlyle.
• Proceeds could enable BASF to start an estimated €4 billion share buyback earlier than planned, according to reporting.
• The business generated about €3.8 billion in revenue last year and employs more than 10,300 people in automotive paints and surface technologies.
• The carve-out follows a strategic review of BASF’s auto-exposed coatings arm, with prior interest reported from KPS and Lone Star.