BASF Report 2021 Consoli dated Financial Statements – Notes 211 Agreed transactions and groups of assets and liabilities held – On December 28, 2021, BASF reached an agreement with for sale (disposal groups) Clariant Corporation, Louisville, Kentucky, to sell its production site in Quincy, Florida, and the associated attapulgite business in – On November 18, 2021, BASF and KaMin LLC./CADAM S.A. the Dispersion & Resins division. The Quincy site employs around (KaMin) signed an agreement to sell BASF’s kaolin minerals 75 employees and manufactures clay-based mineral products business to KaMin, a global performance minerals company used in a variety of industrial applications. The purchase price headquartered in Macon, Georgia. Currently, the kaolin minerals amounts to $60 million. The transaction is expected to close in business is part of BASF’s Performance Chemicals division. the summer of 2022, subject to the approval of the relevant Pending approval by the relevant antitrust authorities, the antitrust authorities. transaction is expected to close in the second half of 2022. The kaolin minerals business has approximately 440 employees in North America, Europe and Asia. The divestiture comprises the production hub with sites in Daveyville, Toddville, Edgar, Gordon and related mines, reserves and mills in Toomsboro and Sandersville, Georgia. The refinery catalysts operations located at the same site are not part of the divestiture. With the agreement on the sale of the kaolin minerals business to KaMin, the affected assets and liabilities were reclassified to a disposal group, and an impairment test was performed as of December 31, 2021. In accordance with IFRS 5, the fair value less expected disposal costs was used as the recoverable amount and compared with the carrying amount. This resulted in the need for impairment in the amount of €9 million as of December 31, 2021, which was allocated to the goodwill of the disposal group for the kaolin minerals business. – On December 6, 2021, BASF and Allianz Capital Partners, acting as party to the contract on behalf of Allianz Insurance Companies (Allianz), agreed to the purchase by Allianz of 25.2% of the investment in the Hollandse Kust Zuid (HKZ) offshore wind farm. This follows a transaction between Vattenfall and BASF under which BASF acquired 49.5% of HKZ from Vattenfall on Septem- ber 1, 2021. The transaction is expected to close in the first quarter of 2022, subject to the approval of the relevant antitrust authorities. The assets and liabilities were reclassified to a disposal group upon agreement to the investment by Allianz.