February 22, 2007 / 12:12 PM / 11 years ago

BASF CEO suggests GE Plastics may be too expensive

FRANKFURT, Feb 22 (Reuters) - BASF BASF.DE is not keen to overpay for assets, its chief executive said on Thursday when asked whether he was interested in buying the GE Plastics business that General Electric Co. (GE.N) may sell.

    “I think the price of the assets is not within the general target corridor of BASF,” Chief Executive Juergen Hambrecht told a news conference, referring to GE Plastics.

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