Key Developments: BASF SE (BASFn.DE)

BASFn.DE on Xetra

91.39EUR
24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

BASF SE comments on FY 2015 outlook, proposes dividend
Friday, 27 Feb 2015 01:00am EST 

BASF SE:Proposes dividend for FY 2014 of 2.80 euros per share.Slight increase in sales expected, EBIT before special items likely to match level of FY 2014.FY 2014 reported sales 74.3 billion euros, EBIT 7.36 billion euros.FY 2015 sales estimate 71.7 billion euros, EBIT estimate 7.38 billion euros - Thomson Reuters I/B/E/S.  Full Article

BASF SE and Toda Kogyo Corp. close agreement for joint venture specializing in cathode materials for lithium-ion batteries
Monday, 23 Feb 2015 07:00pm EST 

BASF SE:BASF and TODA KOGYO CORP. formally established “BASF TODA Battery Materials LLC” with closing of their joint venture agreement announced in October 2014.New company will provide cathode active materials (CAM) for lithium-ion batteries in Japan.  Full Article

BASF SE says Wintershall sells share in South Stream Transport B.V. to OAO Gazprom
Sunday, 28 Dec 2014 07:00pm EST 

BASF SE:Says BASF Group company Wintershall Holding GmbH sold its 15-pct share in South Stream Transport B.V. to OAO Gazprom.Says purchase price reimburses cash invested by BASF.Parties agreed not to disclose purchase price.  Full Article

BASF SE to sell shares in ELLBA Eastern to joint venture partner Shell
Wednesday, 17 Dec 2014 07:00pm EST 

BASF SE:BASF and Shell have reached agreement for BASF to sell its share in 50-50 joint venture ELLBA Eastern, Jurong Island, Singapore to Shell.Joint venture, which is operated by Shell, produces styrene monomer and propylene oxide.Financial details of transaction were not disclosed.Closing is planned for Dec. 31.  Full Article

BASF builds new chemical catalysts manufacturing plant in Caojing, Shanghai
Wednesday, 10 Dec 2014 03:01am EST 

BASF SE:Says builds new chemical catalysts manufacturing plant in Caojing, Shanghai.Says manufacturing start up planned for Q4 2016.  Full Article

BASF SE to acquire Taiwansheen Soon
Sunday, 7 Dec 2014 07:00pm EST 

BASF SE:Says to acquire Taiwansheen Soon, manufacturer for thermoplastic polyurethanes adhesives base material.Says acquisition is expected to close in 2015.Says parties have agreed not to disclose financial details of agreement.  Full Article

BASF SE comments on FY 2014 and FY 2015 outlook
Thursday, 23 Oct 2014 08:00pm EDT 

BASF SE:Says outlook 2014: continues to strive for slight increase in EBIT before special items in challenging environment.Says from today’s point of view, will not achieve its financial targets for FY 2015 (sales: 80 billion euros; EBITDA: 14 billion euros).Says growth rates for gross domestic product, industry and chemical production for 2010 to 2015 are lower than originally expected.Says for 2015, now expects sales and EBITDA to be in line with market expectations, for EBITDA, they are between 10 billion euros and 12 billion euros.FY 2015 EBITDA estimate 11,124 million euros - Thomson Reuters I/B/E/S.  Full Article

BASF SE confirms FY 2014 outlook in line with analysts' estimates
Wednesday, 23 Jul 2014 08:00pm EDT 

BASF SE:Confirms that FY 2014 sales are likely to decrease slightly compared with 2013, due to divestiture of gas trading and storage business, as well as to continuing negative currency effects.Says slight increase in FY 2014 EBIT before special items expected despite a more challenging environment.Says FY 2014 EBIT is likely to increase considerably.FY 2013 sales 73.97 billion euros, EBIT 7.19 billion euros.FY 2014 sales estimate 70.53 billion euros, EBIT estimate 7.66 billion euros.  Full Article

Alpek and BASF sign agreements regarding their EPS and PU business activities in Americas
Thursday, 10 Jul 2014 09:59am EDT 

Alpek SAB de CV:Alpek and BASF announces that they have signed agreements concerning EPS (expandable polystyrene) and PU (polyurethane) business activities of their Polioles joint venture in Mexico, and BASF EPS business in North and South America, excluding BASF Neopor (grey EPS) business.Alpek to acquire all of Polioles EPS business activities, including its EPS production site in Altamira, Mexico.BASF to acquire Polioles PU business activities, including selected assets in its Lerma facility as well as all marketing and selling rights for PU systems, isocyanates and polyols.Upon completion of transaction, Polioles to continue operations as Alpek-BASF joint venture with product portfolio comprised of industrial and specialty chemicals.Under agreements, Alpek to acquire BASF EPS business activities in North and South America.BASF EPS business activities include BASF EPS sales and distribution channels in North and South America, production facilities in Guaratingueta, Brazil, and General Lagos, Argentina, and foam parts business in Chile (Aislapol SA).Combined capacity of all EPS production facilities that Alpek will acquire is about 230,000 metric tons per year.BASF will continue to sell Neopor to its customers in United States, Canada and South America.In Mexico, Alpek will sell Neopor for BASF based on distribution agreement.Closing of transaction is expected by early 2015.Financial terms of agreement were not provided.  Full Article

BASF SE says INEOS to acquire BASF's share in Styrolution
Monday, 30 Jun 2014 04:55am EDT 

BASF SE:Says INEOS to acquire BASF's 50 pct share in Styrolution, joint venture between the companies.Says agreement was concluded by INEOS and BASF on June 30.Purchase price to be paid by INEOS amounts to 1.1 billion euros.Says Styrolution to continue to operate as independent company until completion of the deal, which is expected in the fourth quarter of 2014.  Full Article

BASF sues Umicore in United States for patent infringements

FRANKFURT/BRUSSELS - German chemicals firm BASF said on Thursday it has sued Belgian specialty materials group Umicore in the United States for infringing two patents related to components for lithium-ion batteries.

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