Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.
BASF launches sale process for construction chemical business
05 June 2019
IHS Markit Chemical Week's latest coverage of BASF unveils their
latest competitive strategies. Get the clearest possible view of
your position in relation to BASF with
IHS Markit Company Strategies and Performance.
BASF confirms that it has launched a sale process for its
construction chemicals business and started reaching out to
potential buyers. "As planned, we started to contact selected
interested parties," BASF told CW in a statement emailed on Monday.
The company declines to comment "on any further details of the
process or content due to confidentiality," the statement says.
Analysts estimate the sale could be worth €2.7-3.0 billion
($3.0-3.4 billion). BASF announced in October 2018 that it was
evaluating options for its €2.4-billion/year construction chemicals
unit. The company hired Goldman Sachs in February as financial
advisor. BASF said at that time that it was still considering all
options for the construction chemicals business, including a sale
or a merger. Analysts have named GCP Applied Technologies, Henkel,
LafargeHolcim, Mapei, RPM Construction, Saint-Gobain, and Standard
Industries, as well as private equity firms Bain Capital, The
Carlyle Group, Cinven, and KKR as potential buyers of the
business.
{"items" : [
{"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fbasf-launches-sale-process-for-construction-chemical-business.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fbasf-launches-sale-process-for-construction-chemical-business.html&text=BASF+launches+sale+process+for+construction+chemical+business+%7c+IHS+Markit+","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fbasf-launches-sale-process-for-construction-chemical-business.html","enabled":true},{"name":"email","url":"?subject=BASF launches sale process for construction chemical business | IHS Markit &body=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fbasf-launches-sale-process-for-construction-chemical-business.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=BASF+launches+sale+process+for+construction+chemical+business+%7c+IHS+Markit+ http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fbasf-launches-sale-process-for-construction-chemical-business.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"}
]}
