08:02 AM EDT, 10/10/2025 (MT Newswires) -- Carlyle (CG), in a partnership with the Qatar Investment Authority, has agreed to acquire BASF's automotive and surface treatment coatings businesses at an enterprise value at 7.7 billion euros ($8.91 billion), the companies and the sovereign wealth fund said Friday in a joint statement.

The transaction is expected to close in Q2 2026.

The deal, along with the already closed divestiture of the decorative paints business, values BASF's entire coatings division at an enterprise value of 8.7 billion euros, the statement said.

BASF will also reinvest in the coatings business with a 40% equity stake and receive pre-tax cash proceeds of around 5.8 billion euros at closing, the statement said.