BASF SE (BAS.DE)
- Zacks
BASF (BASFY) & Vattenfall to Partner on Nordlicht Projects
BASF (BASFY) and Vattenfall are in talks to enter into a strategic partnership for Nordlicht wind farms, aiming to drive their Net Zero transformation and contribute to European decarbonization.
- Reuters
BASF gives agriculture, battery units more autonomy but no plan to split
FRANKFURT (Reuters) -BASF plans to turn its agriculture, battery materials and coatings businesses into autonomous units to try to boost earnings, a major revamp for the German chemicals giant that has traditionally been highly integrated. However, "there is no intention to sell these businesses," CEO Martin Brudermueller said during an investor conference. BASF has already made its catalytic converter business, which relies on combustion-engine powered cars, a standalone subsidiary, which it said in October there were no current plans to sell.
- Reuters
UPDATE 1-BASF gives agriculture, battery units more autonomy but no plan to split
BASF plans to turn its agriculture, battery materials and coatings businesses into autonomous units to try to boost earnings, a major revamp for the German chemicals giant that has traditionally been highly integrated. Over the last two years, BASF has also made its catalytic converter business, which relies on combustion-engine powered cars, a standalone subsidiary ready for "strategic options". Still, CEO Martin Brudermueller said in a media call that external investment partners could be taken on board to share the cost of expanding the battery business.
