BASF Stock: Agricultural IPO Planned for Mid-2027 - Börse Express
Article excerpt
Highlighted: the sentence this signal was extracted from
BASF is reorganizing its portfolio and leadership as the group concretizes the planned IPO of its agricultural division. According to media reports, the IPO of Agricultural Solutions is scheduled for mid-2027, with Deutsche Bank and Goldman Sachs advising on the transaction. The total value of the division could exceed 20 billion euros. Already at the end of April, BASF shareholders had approved the carve-out of the agricultural division into a legally independent subsidiary – the formal prerequisite for the later step to the stock market. The group's restructuring is also evident in its leadership. On May 1, Mary Kurian and Livio Tedeschi were newly appointed to the Executive Board, while Michael Heinz retired as planned. In August, the Supervisory Board also extended the mandate of Katja Scharpwinkel, who serves as a board member, labor director, and site manager in Ludwigshafen, until 2030. Scharpwinkel had already sent a signal of confidence in the company's stock in May by purchasing 4,000 BASF shares at 52.79 euros each. This personnel decision fits into a picture that BASF is currently trying to paint: a group that is streamlining its portfolio while emphasizing continuity at key locations such as Ludwigshafen. The sale of the Coatings division to Carlyle, completed in the summer, and the ongoing share buyback program of up to one billion euros, which began in August...
Keep reading with a free account
The rest of this article, and every signal for Deutsche Bank, is in your free account.
