BASF Said to Be in Talks to Sell Coatings Unit to Akzo

  • Deal may be announced as soon as this month; no final decision
  • BASF's coil-coatings business valued at about $450 million

BASF SE is in talks to sell a metal-coatings business to Akzo Nobel NV in a transaction that could be valued at about 400 million euros ($450 million), according to people with knowledge of the situation.

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