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Latest Key Developments (Source: Significant Developments)

BASF confirms FY 2016 sales and earnings outlook
Thursday, 28 Apr 2016 08:00pm EDT 

BASF SE:Group affirmed its forecast for a significant decline in FY 2016 sales and for adjusted EBIT to be slightly below the year-earlier level.FY 2016 revenue estimate 59.46 billion euros - Thomson Reuters I/B/E/S.FY 2016 EBIt estimate 5.9 billion euros - Thomson Reuters I/B/E/S.  Full Article

BASF agrees to buy Guangdong Yinfan Chemistry assets - Reuters
Tuesday, 19 Apr 2016 08:00pm EDT 

BASF SE:Signs agreement to acquire automotive refinish coatings assets of Guangdong Yinfan Chemistry - Reuters.Says closing is expected in H2 2016. Both parties have agreed not to disclose financial details of the transaction.  Full Article

BASF SE - France says to ban imports of cherries treated with dimethoate - Reuters News
Friday, 15 Apr 2016 03:54pm EDT 

BASF SE:France will stop importing cherries from countries that use insecticide dimethoate after banning the chemical due to concerns over consumer health risks, the French agriculture ministry said. - RTRS.At a meeting of European Union country representatives on Friday, Italy and Spain said they would also withdraw dimethoate from their markets, but France said it would still move to prevent the import of cherries from countries that continued to allow the pesticide, used against fruit fly.Under EU procedures, France's urgent action would normally trigger another meeting of countries representatives within a week.France had called for an emergency EU-wide measures to prevent the use of products containing dimethoate and the marketing of cherries grown using them at a closed-door meeting of experts representing the 28 EU member states on Friday.The European Commission, however, said it opposed the idea of immediate restrictions. "The Commission ... considers that an emergency EU-wide measure is not the appropriate tool to manage this specific situation.France, Italy and Spain are among the major cherry growers in the EU which also include eastern members Poland, Hungary and Romania.Dimethoate-based products, which have previously been withdrawn for use on some other crops, are made by companies including Germany's BASF BASFn.DE and Cheminova, part of FMC FMC.N.  Full Article

BASF and Avantium to form JV for FDCA and PEF - Reuters
Tuesday, 15 Mar 2016 03:11am EDT 

BASF SE:BASF and Avantium to form JV for production and marketing of furandicarboxylic acid (FDCA), as well as marketing of polyethylenefuranoate (PEF)​ - Reuters.  Full Article

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

BRIEF-BASF strengthens collaboration with HP for production-ready 3D printing materials development

* Strengthens collaboration with HP for production-ready 3D printing materials development Source text - http://on.basf.com/2fcrWhj Further company coverage: (Gdynia Newsroom)