BASF Shares Rise After Report About Possible Listing Of Agricultural-Chemicals Unit -- Market Talk

Dow Jones09-18

1240 GMT - Shares in BASF are trading higher after Bloomberg reported the German company plans to outline a potential listing of its agricultural-chemicals division at an investor update scheduled for next week. BASF could also open the door to a sale or the entry of partners for parts of its coatings division and outline plans for its battery-materials business, with proceeds from any asset sales used to strengthen its balance sheet, Bloomberg reports, citing unnamed sources. Shares rise 3.1% in European afternoon trade. BASF declined to comment when contacted by Dow Jones Newswires. (najat.kantouar@wsj.com)

(END) Dow Jones Newswires

September 18, 2024 08:40 ET (12:40 GMT)

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