BASF Weighs Sale of $400 Million in U.S. Chemical Assets
- Company looks to offload assets in Illinois, Georgia
- Sales would help raise funds in tough year for earnings
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BASF SE is exploring the sale of some U.S. chemicals assets that could fetch around $400 million, as Chief Executive Officer Martin Brudermueller seeks to streamline the company’s portfolio, people familiar with the matter said.
The world’s largest chemical producer is considering the divestment of a surfactants plant in Kankakee, Illinois, that could be valued at about $250 million, according to the people, who asked not to be identified as the plans are private.