BASF Said to Be in Talks With Orascom for Fertilizer Businesses

BASF SE is in talks to sell its nitrogen-fertilizer unit to companies including Orascom Construction Industries, said two people with knowledge of the situation.

Discussions with Orascom are at a preliminary stage, said the people, who declined to be identified because the process is private. The assets include a nitrogen site in Antwerp, Belgium, and a share of a venture in France, which together generate about 500 million euros ($702 million) in sales.