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Markets :: Basic Chemicals :: Petrochemicals :: Styrene

BASF to Divest Styrenics as ‘a Global Unit’

12:12 PM MDT | September 8, 2008 | Natasha Alperowicz

BASF has provided additional details on plans to expand the scope of its previously announced styrenics divestment (CW, Aug. 25, p. 13). The company says it will add copolymers to the divestment package and that it plans to divest styrenics as a “global unit and not to sell the business piecemeal.” The company says it is “in negotiations with a potential buyer” that it declines to identify. Lazard is continuing to act as adviser on the sale, BASF says. The expanded package had combined 2007 sales of about €4 billion ($5.9 billion) and...

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