IHS Chemical Week

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Germany (2165)


GERMANY

BASF, Gazprom abandon energy asset swap
BASF and Gazprom (Moscow) have abandoned plans for an energy asset swap that had been due for completion at the end of this year. Wintershall (Kassel, Germany), a BASF subsidiary,  was due to transfer its 50% stake in a natural gas trading and storage...

Mittelstand: Germany's constitutional court declares inheritance tax partly 'unconstitutional'
Germany’s constitutional court, BVG (Karlsruhe) has declared in a ruling that the exemption rules in the inheritance tax code are in part unconstitutional and has given lawmakers a new deadline, 30 June 2016, to find a remedy. The BVG has, for the third...

ICL to divest shoe reinforcement materials business
Israel Chemicals Ltd. (ICL; Tel Aviv) says that its performance products business segment has agreed to sell its Rhenoflex business unit based at Ludwigshafen and in China to Findos Investor (Munich), an independent, midmarket private equity fund. Rhenoflex...

Bayer HealthCare divests old animal health products to Merial
Bayer HealthCare announced today that it has definitively agreed to sell its equine products Legend/Hyonate (hyaluronate sodium) and Marquis (ponazuril) to Merial. The deal is expected to close in the first quarter 2015 subject to customary conditions...

Technip to acquire Zimmer polymer technologies from Air Liquide
Technip (Paris), a leading global engineering and construction firm, announced today that it has agree with Air Liquide to purchase all of the Zimmer polymer technology business. The business, based in Frankfurt, includes technologies for the production of...

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