BASF-share asked: Akzo Nobel probably shows interest in paint business

This is reported by the Dutch financial newspaper “Het Financieele Dagblad”, citing the matter. Akzo CFO Maarten de Vries did not want to comment on this last Wednesday, it said. Meanwhile, BASF is examining the strategic options for the remaining coating business, as a spokeswoman said on request. There is great interest in the market-both from strategic buyers as well as private equity societies and consortia.

BASF is currently converting the group. The Ludwigshafeners recently sold the Brazilian business with painting for buildings for $ 1.15 billion on the US colors and coating groups Sherwin-Williams. At that time, BASF continued to say that the group wanted to go to the market in the second quarter of 2025 to examine further strategic options for their remaining coating activities. These included the vehicle series and car repair paints as well as surface treatments. Analyst Sebastian Bray from the private bank Berenberg recently rated the business with 4.0 to 4.5 billion euros.

BASF boss Markus Kamieth announced a far-reaching renovation in September to keep the world’s largest chemical company out of the crisis. Business areas are to be partially sold and the agricultural business should go to the stock exchange. In addition, the dividend for shareholders has been shortened for the first time since 2010, and there are further closures of chemical systems in the Ludwigshafen stem. There is another, not yet numbered with the latest billions of savings program Job cuts before.

In Xetra trading, the BASF share then has 0.98 percent up to EUR 45.36.

Ludwigshafen/Amsterdam (dpa-Afx)

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