Sunday , September 26 2021

BASF India’s parent company to evaluate strategic options for construction chemicals business

BASF India’s parent company — BASF SE Germany — has decided to evaluate strategic options for its construction chemicals business to ensure a successful future development. The outcome of assessing strategic options is open and BASF SE could consider a merger of its construction chemicals business with a strong partner as well as a divestiture, subject to such approvals, as may be necessary.

The agreement on a transaction is targeted in the course of 2019. The Construction Chemicals business comprises admixture systems and construction systems. It generated sales of more than EUR 2.4 billion in 2017, operates in more than 60 countries and has around 7,000 employees worldwide.

BASF India is a chemical manufacturing company. It operates in the business segments of agricultural solutions, performance products, plastics businesses and chemicals. The agricultural solutions include insecticides, herbicides, fungicides and specialties.

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