Key Developments: BASF SE (BASFn.DE)

BASFn.DE on Xetra

5 Feb 2016
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Latest Key Developments (Source: Significant Developments)

BASF SE comments on FY 2015 EBIT outlook
Tuesday, 26 Jan 2016 07:00pm EST 

BASF SE:For the full FY 2015, EBIT of BASF Group is expected to be 6.2 billion euros.Company had previously expected only slightly lower EBIT in the full year 2015.FY 2015 EBIT estimate 7.1 bln euros - Thomson Reuters I/B/E/S.  Full Article

BASF strengthens global network for pigment production
Sunday, 6 Dec 2015 07:00pm EST 

BASF SE:Is strengthening its global production network for pigments with two new investments.At the site in Nanjing, China, the company has increased its production capacities for high-performance diketopyrrolopyrrole pigments.In Ludwigshafen, BASF is going to expand its capacities for the production of versatile alpha blue pigments, which are particularly characterized by their excellent fastness properties, by the fall of 2016.  Full Article

BASF SE to reorganize its paper, water, oilfield and mining businesses;
Monday, 9 Nov 2015 07:00pm EST 

BASF SE:Is reorganizing its paper, water, oilfield and mining businesses.Is combining Water Solutions and Paper Chemicals to form new global business unit “Paper & Water.”.Oilfield & Mining Solutions” will operate as global business unit.Both global business units will be headquartered in Ludwigshafen, Germany.Changes will be effective as of Jan. 1, 2016.Expects overall a reduction of about 120 positions worldwide until end of 2016 resulting from alignment and refocussing of business structures.  Full Article

BASF SE lowers FY 2015 outlook
Tuesday, 27 Oct 2015 02:00am EDT 

BASF SE:Now expects slight decrease in sales and EBIT for FY 2015.Previously forecast flat operating profit and slightly rising sales for FY 2015.FY 2015 revenue 74,775 million euros - Thomson Reuters I/B/E/S.FY 2015 EBIT 7,247 million euros - Thomson Reuters I/B/E/S.  Full Article

Siegfried Holding acquires three BASF SE sites
Wednesday, 30 Sep 2015 08:00pm EDT 

Siegfired Holding Ltd:Siegfried and BASF concluded implementation of agreements on Sept. 30.Siegfried has acquired BASF's pharmaceutical supply business and three sites.Debt-Free price of acquisition amounts to about 270 million euros ($301.02 million).  Full Article

BASF SE and Gazprom agree to complete asset swap
Friday, 4 Sep 2015 12:47am EDT 

BASF SE:Basf and Gazprom agree to complete asset swap.Says its subsidiary Wintershall to focus on oil and gas exploration and production and exit gas trading business.Says expects to complete deal by end of 2015.  Full Article

BASF SE joins Nord Stream pipeline expansion plan
Friday, 31 Jul 2015 10:19am EDT 

BASF SE:BASF and Gazprom sign Memorandum of Understanding to expand Nord Stream pipeline.Subsidiary Wintershall intends to participate in planned Nord Stream pipelines 3 and 4 through the Baltic Sea.Expansion of the Nord Stream pipeline will consist of two additional pipelines that could transport up to 55 billion additional cubic meters of Russian natural gas directly to Germany.  Full Article

BASF SE confirms FY 2015 outlook
Friday, 24 Jul 2015 01:00am EDT 

BASF SE:Confirms forecast of slightly higher sales and flat adjusted EBIT in FY 2015.  Full Article

BASF SE and Petronas to build plant in Malaysia
Tuesday, 21 Jul 2015 02:00am EDT 

BASF SE:Says BASF and Petronas to build polyisobutene production plant in Kuantan, Malaysia.Says plant, which will be first of its kind in South East Asia, with total annual capacity of 50,000 metric tons of hr-pib, is expected to start production in Q4 of 2017.  Full Article

BASF SE sells stake in SolVin to Solvay
Wednesday, 1 Jul 2015 09:28am EDT 

BASF SE:To sell stake in SolVin to Solvay.Is selling its 25 pct share in joint venture Solvin.  Full Article


Monsanto and BASF may reap more from partnership after Syngenta sale

FRANKFURT Monsanto could seek to expand in agricultural chemicals by deepening its partnership with Germany's BASF after losing out to ChemChina in its bid to buy seeds and pesticides firm Syngenta .

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