Four Investment Banks to Take BASF's Agricultural Division Public - Finanz und Wirtschaft
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Citi, Goldman Sachs, JPMorgan, and Deutsche Bank are to accompany BASF Agricultural Solutions to the stock exchange. The initial listing could take place in the second half of 2027. BASF is pushing ahead with the plans for the multi-billion euro IPO of its agricultural division next year. The Ludwigshafen-based group has commissioned four investment banks to accompany BASF Agricultural Solutions to the Frankfurt Stock Exchange, as it announced on Monday: In addition to the US investment banks Citi, Goldman Sachs, and JPMorgan, Deutsche Bank is also involved. A lucrative business awaits the quartet: According to a report by the "Börsen-Zeitung", the BASF division could be valued at more than 20 billion euros. The group wants to retain a majority stake in the IPO. BASF Agricultural Solutions is expected to be ready for the stock market by mid-next year, so that the IPO could take place in the second half of the year. It could thus become one of the largest in Frankfurt in recent years. However, a decision on the timing of the issuance has not yet been made, BASF emphasized. Banks are usually selected about half a year before the initial listing. CEO Markus Kamieth wants to focus the chemical giant more strongly on its core businesses, which are closely integrated into BASF's production network, through the spin-off. Agrochemicals are no longer among them. BASF Agricultural...
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