BASF mandates banks for agricultural solutions IPO
Citi, Deutsche Bank, Goldman Sachs and J.P. Morgan lead preparations for the planned listing of BASF's agricultural unit on the Frankfurt Stock Exchange by mid-2027.
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Global chemical manufacturer and solutions provider
basf.comLast updated
In short: BASF raised its 2026 earnings outlook following a strong second quarter and continued its strategic restructuring and share buybacks.
Citi, Deutsche Bank, Goldman Sachs and J.P. Morgan lead preparations for the planned listing of BASF's agricultural unit on the Frankfurt Stock Exchange by mid-2027.
The facility boosts production capacity by thirty percent while cutting its average carbon footprint by nineteen percent through renewable electricity.
The new facility strengthens technical services for global customers. It features over 30 testing methods to support innovation in hygiene applications.
EBITDA before special items reached €2.4 billion, driven by price and volume growth, while cost savings and divestitures advanced.
BASF exceeds expectations in the second quarter, increases revenue and strengthens its financial base with sales and investments.
BASF has largely completed the separation of its agricultural chemicals business in several regions and is preparing for an IPO by mid-2027.
Today, the BASF SE share manages to reach the upper third of the DAX with an upward movement of 1.49 percent.
The share price reaction to all this activity has been moderate. BASF closed Friday at €52.28, up 1.8 percent on the day.
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