Subsequent Events

In December 2019, ALTANA concluded an agreement on the acquisition of the business with innovative additives for exploration of the U.S. company Gulf Scientific Inc. based in Houston, Texas, by way of an asset deal. The acquisition was completed on January 2, 2020. The business will be integrated into the BYK division.

The United Kingdom left the European Union on January 31, 2020, with an exit agreement. This paves the way for a transitional phase until December 31, 2020, during which no significant changes to the previous situation should occur from an economic perspective.