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BASF closes divestiture of its Construction Chemicals businessJuly 19, 2021

BASF closes divestiture of its Construction Chemicals business

On September 30, 2020, effective at midnight, BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm. The purchase price on a cash and debt-free basis is €3.17 billion. The...
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BASF invests to produce Uvinul® A Plus in AsiaJuly 8, 2021

BASF invests to produce Uvinul® A Plus in Asia

BASF, a global market leader in personal care ingredients including UV filters, is investing to double its global Uvinul® A Plus production capacity, with the introduction of a new line at its Kaohsiung site in Taiwan. The additional capacity is...
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BASF Group: operating result in the second quarter of 2020 above market expectationsJune 1, 2021

BASF Group: operating result in the second quarter of 2020 above market expectations

BASF has released preliminary figures on business development in the second quarter of 2020. Sales declined by 12.4 percent in the second quarter of 2020 to €12,680 million (Q2 2019: €14,478 million). EBIT before special items, which reflects the...
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BASF and DiDi enter partnership to reshape the carsharing industryMay 19, 2020

BASF and DiDi enter partnership to reshape the carsharing industry

BASF and DiDi, the world’s leading mobile transportation platform, signed a strategic cooperation agreement in Hangzhou, Zhejiang Province, China, where Xiaoju Autocare (Xiaoju Yangche), a subsidiary of DiDi, is headquartered.
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Procter & Gamble and Cargill collaborate to bring nature-powered innovationMay 18, 2020

Procter & Gamble and Cargill collaborate to bring nature-powered innovation

An innovation developed in the corporate R&D labs at P&G that converts lactic acid into bio-based acrylic acid could be a helpful step to shift everyday goods to be made from annually renewable crops. P&G has granted Cargill an exclusive license...
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BASF Group shows resilience amid corona crisisMay 2, 2020

BASF Group shows resilience amid corona crisis

BASF Group’s sales in the first quarter of 2020 increased by 7 percent compared with the prior-year quarter to €16.8 billion. This was mainly driven by a 4 percent increase in volumes. Income from operations (EBIT) before special items was €1.6...
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Lone Star Funds to acquire BASF’s Construction Chemicals businessDecember 30, 2019

Lone Star Funds to acquire BASF’s Construction Chemicals business

BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion. The transaction is...
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