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BASF closes divestiture of its Construction Chemicals businessOctober 2, 2020

BASF closes divestiture of its Construction Chemicals business

On September 30, 2020, effective at midnight, BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm. The purchase price on a cash and debt-free basis is €3.17 billion. The...
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Bayer to accelerate transformation to address challenging market environment and enable additional growth investmentsSeptember 30, 2020

Bayer to accelerate transformation to address challenging market environment and enable additional growth investments

Bayer AG announced today that the company confirms its adjusted outlook for 2020 and expects 2021 sales at approximately 2020 levels despite significant headwinds from the COVID-19 pandemic, especially in the agricultural market. Core earnings...
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Bayer announces resolution of U.S. Essure™ claimsAugust 20, 2020

Bayer announces resolution of U.S. Essure™ claims

Bayer announced today that it has reached agreements with plaintiff law firms to resolve approximately 90% of the nearly 39,000 total filed and unfiled U.S. Essure™ claims involving women who allege device-related injuries. The settlements...
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BASF Venture Capital invests in leading industrial artificial intelligence company IntelliSense.ioAugust 17, 2020

BASF Venture Capital invests in leading industrial artificial intelligence company IntelliSense.io

IntelliSense.io and BASF Venture Capital (BVC) today announced that BVC is leading a strategic investment round in IntelliSense.io with follow-on participation from a group of U.K.-based technology angel investors including Dr. Steve Garnett and...
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BASF Group: operating result in the second quarter of 2020 above market expectationsJuly 10, 2020

BASF Group: operating result in the second quarter of 2020 above market expectations

BASF has released preliminary figures on business development in the second quarter of 2020. Sales declined by 12.4 percent in the second quarter of 2020 to €12,680 million (Q2 2019: €14,478 million). EBIT before special items, which reflects the...
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Technology for SLS by Master Builders Solutions® revolutionizes concrete screed constructionMay 27, 2020

Technology for SLS by Master Builders Solutions® revolutionizes concrete screed construction

The traditional cementitious dry-mix screed method is time consuming and cost intensive. The experts of Master Builders Solutions have therefore developed the innovative Technology for SLS that supersedes conventional techniques: it is less time...
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BASF and DiDi enter partnership to reshape the carsharing industryMay 19, 2020

BASF and DiDi enter partnership to reshape the carsharing industry

BASF and DiDi, the world’s leading mobile transportation platform, signed a strategic cooperation agreement in Hangzhou, Zhejiang Province, China, where Xiaoju Autocare (Xiaoju Yangche), a subsidiary of DiDi, is headquartered.
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Henkel’s emission reduction targets approved by “Science Based Targets initiative”May 18, 2020

Henkel’s emission reduction targets approved by “Science Based Targets initiative”

As part of Henkel’s commitment to accelerate its contribution to climate protection, the company has defined science-based emission reduction targets. These were recently approved by the Science Based Targets initiative (SBTi) as consistent with...
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Lone Star Funds to acquire BASF’s Construction Chemicals businessDecember 30, 2019

Lone Star Funds to acquire BASF’s Construction Chemicals business

BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion. The transaction is...
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