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BASF SE (BASFn.DE)

BASFn.DE on Xetra

67.65EUR
19 Oct 2018
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€67.65
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2,545,510
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€98.80
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€67.21

Latest Key Developments (Source: Significant Developments)

BASF Announces Price Increases For Paper Wet-End And Water Chemicals
Friday, 28 Sep 2018 

Sept 28 (Reuters) - BASF SE ::BASF TO INCREASE PRICES FOR PAPER WET-END AND WATER CHEMICALS IN THE EMEA REGION.  Full Article

BASF Says Q3 Demand For Group Slower Than Expected
Friday, 28 Sep 2018 

Sept 28 (Reuters) - BASF CFO::Q3 DEMAND FOR WHOLE GROUP WAS MAYBE A BIT SLOWER THAN WHAT WE HAD EXPECTED GOING INTO Q3.FOR NEW GROUP GUIDANCE WE ONLY STRIPPED OUT OIL AND GAS FIGURES, ONLY A MATHEMATICAL ADJUSTMENT.  Full Article

BASF And Letterone Sign Agreement To Merge Wintershall And DEA
Friday, 28 Sep 2018 

Sept 27 (Reuters) - BASF SE ::BASF SE: BASF AND LETTERONE SIGN AGREEMENT TO MERGE WINTERSHALL AND DEA.BASF AND LETTERONE SIGN AGREEMENT TO MERGE WINTERSHALL AND DEA.SAYS WINTERSHALL WILL THEN BE RENAMED WINTERSHALL DEA, WHICH WILL BE HEADQUARTERED IN KASSEL AND HAMBURG.IN MEDIUM TERM, BASF AND LETTERONE ENVISAGE TO LIST WINTERSHALL DEA THROUGH AN INITIAL PUBLIC OFFERING (IPO).CLOSING OF TRANSACTION IS EXPECTED IN FIRST HALF OF 2019.SYNERGIES OF AT LEAST EUR200 MILLION PER YEAR ARE EXPECTED AS OF THIRD YEAR FOLLOWING CLOSING OF TRANSACTION.SAYS SIGNING OF AGREEMENT HAS IMMEDIATE EFFECT ON REPORTING OF BASF GROUP.MARIO MEHREN, CHIEF EXECUTIVE OFFICER OF WINTERSHALL, HAS BEEN DETERMINED TO BE CHAIRMAN OF MANAGEMENT BOARD AND CEO OF WINTERSHALL DEA.MARIA MORAEUS HANSSEN, CEO OF DEA, HAS BEEN DETERMINED AS DEPUTY CEO AND CHIEF OPERATING OFFICER OF JOINT VENTURE.JV STRIVES FOR DAILY PRODUCTION OF 750,000 TO 800,000 BOE BETWEEN 2021 AND 2023.BASF -SALES ,EARNINGS OF OIL & GAS ARE NO LONGER INCLUDED IN SALES AND EBIT OF BASF GROUP - RETROACTIVELY AS OF JANUARY 1, 2018 AND WITH PRIOR-YEAR FIGURES RESTATED.LETTERONE WILL CONTRIBUTE ALL SHARES IN DEA DEUTSCHE ERDÖL INTO WINTERSHALL HOLDING AGAINST ISSUANCE OF NEW SHARES OF COMPANY TO LETTERONE.BASF WILL INITIALLY HOLD 67% AND LETTERONE 33% OF WINTERSHALL DEA'S ORDINARY SHARES.TO REFLECT VALUE OF WINTERSHALL'S GAS TRANSPORTATION BUSINESS, BASF WILL RECEIVE ADDITIONAL PREFERENCE SHARES.  Full Article

DEA Finance Says Letterone And BASF Agreed To Merge Their Oil And Gas Businesses To Create Wintershall DEA
Friday, 28 Sep 2018 

Sept 27 (Reuters) - DEA Finance: :DEA FINANCE SAYS DEA FINANCE SA'S SHAREHOLDER AND BASF HAVE AGREED TO MERGE THEIR OIL AND GAS BUSINESSES TO CREATE WINTERSHALL DEA.DEA FINANCE -LETTERONE, SHAREHOLDER OF DEA GROUP, CONFIRMED IT SIGNED AGREEMENT WITH BASF TO MERGE PARTIES' OIL AND GAS BUSINESSES AND CREATE WINTERSHALL DEA.  Full Article

BASF Invests In Alkoxylate Capacity Expansion At Company's Antwerp Site
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - BASF SE ::INVESTS IN ALKOXYLATE CAPACITY EXPANSION AT COMPANY'S ANTWERP SITE.STEPWISE INCREASE OF UP TO 25 PERCENT IN WORLD-SCALE SURFACTANT PLANT CAPACITY BY 2021.FIRST ADDITIONAL CAPACITIES TO BE AVAILABLE FROM AS EARLY AS 3RD QUARTER OF 2018.  Full Article

German Chemicals Sector Sticks To FY Outlook As Brexit Risks Loom
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - German Chemical Association VCI::GERMANY'S VCI SAYS BREXIT RISKS, U.S.-CHINA TRADE CONFLICT WEIGH ON COMPANIES' EXPECTATIONS.GERMAN CHEMICALS ASSOCIATION VCI AFFIRMS FY PRODUCTION OUTLOOK OF +3.5 PERCENT, RAISES PRICE OUTLOOK TO +1.5 PERCENT, STILL SEES SALES GROWTH AT +4.5 PERCENT.GERMANY'S VCI SAYS Q2 PRODUCTION +1.2 PERCENT Q/Q, PRICES +0.6 PERCENT Q/Q, SALES -0.1 PERCENT Q/Q.  Full Article

BASF SE Invests In Surface Treatment Site For Chemetall Brand In Pinghu, China
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - BASF SE ::INVESTS IN A STATE-OF-THE-ART SURFACE TREATMENT SITE FOR ITS CHEMETALL BRAND IN PINGHU, CHINA.SITE IS PLANNED TO BE COMPLETED BY 2021.  Full Article

Materialise NV Says BASF Has Agreed To Invest US $25 Mln In Co
Thursday, 19 Jul 2018 

July 18 (Reuters) - Materialise NV::MATERIALISE NV - BASF HAS AGREED TO INVEST US$25 MILLION IN CO.  Full Article

SA's Competition Tribunal Conditionally Approves BASF SE Acquisition Of Divestment Business Of Bayer AG
Wednesday, 18 Jul 2018 

July 18 (Reuters) - SA'S COMPETITION TRIBUNAL::CONDITIONALLY APPROVED MERGER ON GERMAN-BASED AGROCHEMICAL COMPANY BASF SE IS TO ACQUIRE DIVESTMENT BUSINESS OF BAYER AG.  Full Article

German Chemicals Industry Says Revenues Up 5.5 Pct In H1
Thursday, 12 Jul 2018 

July 12 (Reuters) - LANXESS AG ::GERMAN CHEMICALS ASSOCIATION VCI SAYS IN H1 CHEMICALS PRODUCTION +5.0 PERCENT, REVENUES +5.5 PERCENT, PRICES +1.0 PERCENT.GERMAN CHEMICALS ASSOCIATION VCI REAFFIRMS EXPECTS 2018 PRODUCTION +3.5 PERCENT, PRICES +1 PERCENT AND SALES +4.5 PERCENT.GERMAN CHEMICALS ASSOCIATION VCI SAYS BUSINESS EXPECTATIONS IN THE SECTOR HAVE BECOME MORE SUBDUED, COMPANIES ARE LESS OPTIMISTIC THAN AT THE START OF THE YEAR.  Full Article

Wintershall DEA eyes listing in H2 2020 - Handelsblatt

FRANKFURT, Oct 2 A planned tie-up of BASF's Wintershall and LetterOne's DEA could be listed in the second half of 2020, its designated chief executive told a German newspaper in an interview published on Tuesday.