BASF Margin Pressured by Divestitures, Share Buybacks and IPO Plan
A €6 reduction in fair value reflects worries that hopes for a quick rebound may outpace fundamentals, with logistics pressures adding strain. BASF’s Coatings business sale to Carlyle closed at end-June, producing a post-tax disposal gain of €3.5 billion, and the company is gearing up for an Agricultural Solutions IPO by 2027. BASF also plans a €1.0 billion buyback and early repayment of €1.6 billion of bonds and loans in Q3.