1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. BASF SE
  6. News
  7. Summary
    BAS   DE000BASF111

BASF SE

(BAS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Clariant to buy BASF clay biz assets in $60 million sustainable bid

12/28/2021 | 01:30am EDT
FILE PHOTO: Logo of Swiss specialty chemicals company Clariant is seen in Pratteln

ZURICH (Reuters) - Swiss specialty chemicals maker Clariant said on Tuesday it would purchase assets from German competitor BASF in North America in a $60 million cash deal that will help grow its sustainable business.

Clariant said it expects to complete the purchase of the assets of BASF'S U.S. attapulgite business--one of the largest miners and producers of the clay material, which Clariant said can help remove contaminants in renewable fuel production--in the summer of 2022.

"This acquisition fits very well with our growth strategy to grow through sustainability-focused innovations and bolt-on acquisitions," Clarient Chief Executive Conrad Keijzer said in a statement, adding it would improve its position in renewable fuels purifications.

(Reporting by Brenna Hughes Neghaiwi; Editing by Riham Alkousaa)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BASF SE 1.46% 49.465 Delayed Quote.-19.93%
CLARIANT AG -0.44% 17.94 Delayed Quote.-5.58%
All news about BASF SE
02:19aBASF SE : Bernstein reiterates its Buy rating
MD
05/25BASF : expands Automotive Coatings Application Center in Mangalore, India
PU
05/24Three BASF women in manufacturing honored at the 10th Annual STEP Ahead Awards
GL
05/24Three BASF women in manufacturing honored at the 10th Annual STEP Ahead Awards
GL
05/24BASF : BTC Europe and NXTLEVVEL Biochem sign agreement to distribute biobased and biodegra..
PU
05/23BASF SE : Release of a capital market information
EQ
05/18BASF doubles its production capacity for Irganox 1010 in Singapore
AQ
05/16BASF SE : Release of a capital market information
EQ
05/12BASF SE : Baader Bank keeps its Buy rating
MD
05/12BASF : and BMW Group rely on renewable raw materials for automotive coatings
PU
More news
Analyst Recommendations on BASF SE
More recommendations
Financials
Sales 2022 83 054 M 88 685 M 88 685 M
Net income 2022 4 519 M 4 826 M 4 826 M
Net Debt 2022 16 637 M 17 765 M 17 765 M
P/E ratio 2022 9,79x
Yield 2022 7,01%
Capitalization 44 690 M 47 720 M 47 720 M
EV / Sales 2022 0,74x
EV / Sales 2023 0,76x
Nbr of Employees 110 828
Free-Float 100%
Chart BASF SE
Duration : Period :
BASF SE Technical Analysis Chart | BAS | DE000BASF111 | MarketScreener
Technical analysis trends BASF SE
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 49,47 €
Average target price 64,13 €
Spread / Average Target 29,6%
EPS Revisions
Managers and Directors
Martin Brudermüller Chairman-Executive Board
Hans-Ulrich Engel Chief Financial Officer
Kurt Wilhelm Bock Chairman-Supervisory Board
Melanie Maas-Brunner Chief Technology Officer
Anke Schäferkordt Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
BASF SE-19.93%47 720
SHIN-ETSU CHEMICAL CO., LTD-11.02%57 871
DUPONT DE NEMOURS, INC.-19.98%33 263
FMC CORPORATION11.27%15 400
SASOL LIMITED48.49%15 380
PIDILITE INDUSTRIES LIMITED-13.13%14 021