BASF says to buy parts of Ciech's TDI business

FRANKFURT Fri Oct 12, 2012 1:06pm EDT

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FRANKFURT Oct 12 (Reuters) - Germany's BASF, the world's largest chemicals maker, said it would be buying part of Ciech SA's global business in TDI, a key component used in furniture and automotive industries.

Both parties agreed not to disclose financial details of the agreement, BASF said. Closing is expected in the first quarter of 2013. ($1 = 3.1588 Polish zlotys) (Reporting by Marilyn Gerlach; Editing by David Holmes)

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