BASF and private equity firm Lone Star are in exclusive negotiations for the sale of BASF’s construction chemicals business, according to news agency Bloomberg.
Japanese firm DIC, which owns pigments producer Sun Chemical, has agreed to acquire BASF’s global pigments business for €1.15 billion.
BASF has announced that it is one of the seven co-founders of the ‘Value Balancing Alliance’.
BASF is planning an ‘organisational realignment’, in order to streamline itself and accentuate the roles of the services and the regions, starting from 1 January 2020.
Solenis, which was formerly part of Ashland, has completed the transfer of BASF’s paper wet-end and water chemicals, after all of the relevant regulatory approvals were received.