BASF Weighs €3 Billion Sale of Catalyst Assets

BASF SE has hired Morgan Stanley to help it explore options for its business making catalysts for combustion engines, including a possible sale, people with knowledge of the matter said.

Author of the article:

Bloomberg News

Kiel Porter, Dinesh Nair and Aaron Kirchfeld

Published Aug 22, 2023  •  1 minute read

(Bloomberg) — BASF SE has hired Morgan Stanley to help it explore options for its business making catalysts for combustion engines, including a possible sale, people with knowledge of the matter said. 

The German chemicals company is considering options for its recently-carved out Environmental Catalyst and Metal Solutions unit, which also includes catalyst recycling and associated precious metal services. A sale could value ECMS at about €3 billion ($3.3 billion), according to the people. 

Read the full article here:  BASF Weighs €3 Billion Sale of Catalyst Assets | Regina Leader Post