BASF Officially A European Company

Posted by Matt Hopkins|29 January 2008

Following its completion of commercial registry, BASF Aktiengesellschaft has officially become a European Company, and is offically called BASF SE (Societas Europaea), according to Chemical Newsflash.

The entire conversion took less than a year. The company approved the conversion at its Annual Meeting in April 2007, and the employee participation agreement was reached in mid-November 2007. The new Supervisory Board of BASF SE appointed the members of the Board of Executive Directors of BASF SE on December 5, 2007.

The new commercial register number is HRB 6000.

At a ceremony at the Ludwigshafen district court where the registry occurred, Eggert Voscherau, Vice Chairman of the Board of Executive Directors of BASF SE, thanked everyone involved, saying “This is a historic day for BASF and its employees. We are the first company in our industry to embody the idea of Europe through its legal form. At the same time, we are strengthening the involvement of European employees and improving our corporate governance.”