BASF Said to Plan Sale of Photoinitiator Unit Amid Asset Sales

  • German chemical maker said to have hired advisers for sale
  • BASF CEO Bock is trimming product range as oil earnings fall

BASF SE plans to sell a unit supplying compounds for coatings used on plastics, wood and metals as Chief Executive Officer Kurt Bock prunes the wide range of products of the world’s largest chemical maker, according to people with knowledge of the situation.

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