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11-29-2007

BASF: European Legal Form

The way is clear to convert BASF into a European Company (Societas Europaea, SE). The company management and special employees’ negotiating committee have signed the SE participation agreement. This governs issues of cross-border notification and consultation of employees by a BASF European works council and participation of employees in the supervisory board. The new BASF European works council will be formed with the foundation of BASF SE and comprises 23 members from 12 European countries. The conversion will be concluded in early 2008 with registration in the commercial register.

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