BASF SE (BASFn.DE)
24 May 2019
MANNHEIM, Germany German chemicals giant BASF expects to eke out some profit growth in 2019 as it banks on business to perk up with car production in the latter half of the year and on benefits from ongoing cost cuts.
* Banks on cost cuts, auto demand to bolster H2 results (Releads, Adds CEO quote)
FRANKFURT German chemicals giant BASF said it does not expect a repeat of the financial hit it took from low water levels of the River Rhine last year after taking countermeasures.
MANNHEIM, Germany, May 3 BASF's first-quarter operating profit dropped 24 percent as the firm's basic chemicals business was hit by a slump in prices for precursor materials used in polyurethane foams.
FRANKFURT ASK Chemicals, a maker or chemicals used in foundries, has been put up for sale by its private equity owner amid a flurry of dealmaking in the chemicals sector, people close to the matter said.
FRANKFURT, April 24 ASK Chemicals, a maker or chemicals used in foundries, has been put up for sale by its private equity owner amid a flurry of dealmaking in the chemicals sector, people close to the matter said.
Versum Materials Inc has opened its books to suitor Merck KGaA, saying the German group's unsolicited $5.9 billion offer might be sweetened and could edge out an agreed merger with Entegris.
* Versum stands by Entegris deal for now (Adds Merck statement)
March 29 Versum Materials Inc on Friday urged its shareholders to reject a hostile bid from Merck KGaA , but said it would engage with the German pharma group to determine if the offer is superior to its agreed merger with rival Entegris.
FRANKFURT German pharma group Merck KGaA launched a hostile $5.9 billion all-cash takeover offer for Versum Materials on Tuesday to boost its presence in the semiconductor materials market and sideline a rival bidder.