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BASF Set to Announce Agri Chemicals Listing Plan in Overhaul
- BASF may seek crop listing in few years, divest coating assets
- German chemicals giant may unveil plans at capital markets day
The BASF SE chemical plant in Ludwigshafen, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
BASF SE’s new leader is gearing up to announce a series of overhaul measures later this month, including plans for the future of its agricultural chemicals and coatings businesses, people with knowledge of the matter said.
Chief Executive Officer Markus Kamieth is poised to tell investors at a Sept. 26-27 Capital Markets Day that the company will prepare the agricultural chemicals division for a potential listing in several years, the people said. BASF may also signal an openness to consider divesting or bringing in partners for portions of its coatings business, according to the people.