the Devil is in the Details schreef op 8 november 2018 12:30:
Dit staat er op p.48 in het jaarverslag 2017 over de joint venture:
Exit rights; Until the FID (financial investment decision), both
joint venture partners have the right to initiate the unwinding
of the Joint Venture. Regardless of the cause of such unwinding
and regardless of who triggered such unwinding, the unwinding
shall entail the Group purchasing and acquiring
BASF’s interest in the joint venture. The cause of any unwinding
and whether the Group or BASF triggered such unwinding
does inter alia influence the scope of any cash settlement between
the parties after such unwinding, as summarised below.
In the event of an exit, the IP and assets in relation to the YXY
technology contributed by Avantium to the joint venture as
well as the employees transferred shall be returned to Avantium.
All cash remaining in the joint venture after settlement of
all outstanding accounts payable of the joint venture shall be
returned to BASF.