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BASF May Take Indian Partner to Spur Asia Growth, FAZ Reports

BASF SE (BAS) isn’t seeing the dynamism it expected in Asia and is considering a partnership in India, Frankfurter Allgemeine Zeitung reported, citing an interview with deputy chief executive officer Martin Brudermueller.

While India is growing, it is held back by a backlog of reforms and “questionable” legislature, Brudermueller said, according to the German newspaper. BASF is looking at options and holding discussions to decide whether it will work with a partner in the country, FAZ said.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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