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BASF Ready for Asia Acquisitions, Brudermueller Tells FAZ

May 20 (Bloomberg) -- BASF SE is willing and ready to make larger acquisitions in Asia and is exploring some opportunities, Frankfurter Allgemeine Zeitung reported, citing an interview with board member Martin Brudermueller.

Brudermueller, who is responsible for BASF’s Asian operations and is a candidate to succeed Juergen Hambrecht as Chief Executive Officer, defined a larger acquisition target as a company with annual sales of at least 100 million euros, according to the newspaper.

The German chemical maker is considering expanding its Nanjing, China, production site and is examining additional projects for its Malaysian joint venture with Petroliam Nasional Bhd, FAZ said.

Story link: {NSN L2PCIM6TZ01S<GO>}

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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