BASF CEO sees M&A opportunities, suggests merger with specialty chemicals peer
BASF CEO Markus Kamieth said the specialty chemicals sector is facing a wave of M&A and the company wants to take advantage of opportunities. He suggested a merger between BASF and another major player in the specialty chemicals sector would make sense and that BASF could leverage its strengths in basic chemicals in such a partnership.
Oct 7 - BASF CEO Markus Kamieth said at an event organised by Handelsblatt and WirtschaftsWoche business publications that the sector is facing a major M&A wave and that BASF wants to take advantage of the opportunities. Kamieth said a merger between BASF and another major player in the specialty chemicals sector would make much sense. In such a partnership, BASF could also leverage strengths in basic chemicals. Background on Evonik bid:...
(Reporting by Matthias Inverardi)