BASF SE (BASFn.DE) Key Developments | Reuters.com
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BASF SE (BASFn.DE)

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Latest Key Developments (Source: Significant Developments)

BASF gives FY 2016 outlook in line with analysts' estimates, proposes dividend
Friday, 26 Feb 2016 01:00am EST 

BASF SE:Dividend proposal of 2.90 euros for business year 2015.Sees considerable sales decline due to divestiture of gas trading business in FY 2016.Sees FY 2016 EBIT before special items expected at level slightly below 2015, based on an average oil price of $40 per barre.FY 2015 sales 70.4 billion euros, EBIT before special items 6.7 billion euros.FY 2016 sales estimate 61.6 billion euros - Thomson Reuters I/B/E/S.  Full Article

BASF SE cuts half the jobs at its plant biotech unit - Reuters
Thursday, 25 Feb 2016 03:01am EST 

BASF SE:BASF, will cut half of the 700 jobs at its plant biotechnology business, slashing some early development projects in yield improvement and stress tolerance and all of its rice yield and corn fungal resistance projects - Reuters.BASF's plant biotechnology unit is developing improved plant characteristics such as drought tolerability but relies on partners, the biggest being Monsanto, to bring finished seed products to market.Alliances with such partners are not affected by the cutbacks, a spokeswoman said.A spokeswoman declined to comment on any cuts to annual budgets at the unit.  Full Article

Akzo Nobel agrees acquisition of BASF coatings business
Wednesday, 17 Feb 2016 02:12am EST 

Akzo Nobel NV:Says to have agreed offer to acquire BASF's industrial coatings business for 475 million euros ($530.67 million.Deal is expected to be completed in second half of 2016.  Full Article

Akzo Nobel confirms discussions with BASF on coatings business
Thursday, 11 Feb 2016 02:15am EST 

Akzo Nobel NV:Confirms it is in discussions with BASF with regards a potential purchase of their industrial coatings business​.Says ‍no further details will be made available at this stage.  Full Article

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

BRIEF-Universal Display acquires BASF's OLED intellectual property assets

* Universal Display Corporation acquires BASF's OLED intellectual property assets