BASF targets partial listing of agriculture division - Reuters

seekingalpha09-25

BASF (OTCQX:BASFY) is planning a partial listing of its agricultural business because the stock market is underestimating the unit's earnings prospects within the group, CEO Markus Kamieth told staff ...

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The new CEO also reportedly said BASF  would consider strategic options for its coatings business, which mainly caters to the car industry, including a potential joint venture or looking into having a different owner for the unit. BASF , which is set to hold a capital markets day on Thursday, has not lined up potential buyers for the coatings business, according to the report. Kamieth also reportedly told employees that he was more optimistic than in years about the Ludwigshafen chemical complex in Germany, where BASF  is headquartered. 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