BASFY - BASF SE
| Previous Close | 18.81 |
| Open | 18.80 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 18.63 - 18.81 |
| 52 Week Range | 15.50 - 20.98 |
| Volume | 161,441 |
| Avg. Volume | 227,104 |
| Market Cap | 69B |
| Beta (3Y Monthly) | 1.27 |
| PE Ratio (TTM) | 9.98 |
| EPS (TTM) | 1.87 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.90 (4.79%) |
| Ex-Dividend Date | 2019-05-06 |
| 1y Target Est | 15.00 |
- Moody's
Gaia Agro Securitizadora S.A. - 1ª, 2ª e 3ª Séries da 26ª Emissão de CRA -- Moody's assigns provisional ratings of (P) Baa3 (sf) / (P) Aaa.br (sf) to the first series of the 26th issuance of Gaia Agro Securitizadora S.A.'s agribusiness certificates, a Brazilian trade receivables securitization
The CRAs will be backed by trade receivables originated by BASF S.A. (BASF Brazil, not rated), subsidiary of BASF SE (BASF, long term rating A2, global scale, outlook stable), related to the sale of defensives for crop protection to agricultural producers, distributors and cooperatives.
- Zacks
Soft Demand, Tariffs Mar Diversified Chemical Industry Outlook
Soft Demand, Tariffs Mar Diversified Chemical Industry Outlook
- Bloomberg
Europe Set to Overhaul Its Entire Economy in Green Deal Push
(Bloomberg) -- The European Union is gearing up for the world’s most ambitious push against climate change with a radical overhaul of its economy.At a summit in Brussels next week, EU leaders will commit to cutting net greenhouse-gas emissions to zero by 2050, according to a draft of their joint statement for the Dec. 12-13 meeting. To meet this target, the EU will promise more green investment and adjust all of its policy making accordingly.“If our common goal is to be a climate-neutral continent in 2050, we have to act now,” Ursula von der Leyen, president of the European Commission, told a United Nations climate conference on Monday. “It’s a generational transition we have to go through.”The commission, the EU’s regulatory arm, will have the job of drafting the rules that would transform the European economy once national leaders have signed off on the climate goals for 2050. The wording of the first draft summit communique, which may still change, reflects an initial set of ideas to be floated by the commission on the eve of the leaders’ gathering.The EU plan, set to be approved as the high-profile United Nations summit in Madrid winds up, would put the bloc ahead of other major emitters. Countries including China, India and Japan have yet to translate voluntary pledges under the 2015 Paris climate accord into binding national measures. U.S. President Donald Trump has said he’ll pull the U.S. out of the Paris agreement.In a pitch of her Green Deal to member states and the European Parliament on Dec. 11, von der Leyen is set to promise a set of measures to reach the net-zero emissions target, affecting sectors from agriculture to energy production. It will include a thorough analysis on how to toughen the current 40% goal to reduce emissions by 2030 to 50% or even 55%, according to an EU document obtained by Bloomberg News.Make It IrreversibleIn the next step, the commission will propose an EU law in March that would “make the transition to climate neutrality irreversible,” von der Leyen told the UN meeting. She said the measure will include “a farm-to-fork strategy and a biodiversity strategy” and will extend the scope of emissions trading.The EU Emissions Trading System is the world’s largest cap-and-trade market for greenhouse gases. It imposes pollution caps on around 12,000 facilities in sectors from refining to cement production, including Royal Dutch Shell Plc and BASF SE. Von der Leyen eyes the inclusion of road transport into the market and cutting the number of free emission permits for airlines.Some of the transportation industry’s biggest polluters have already stepped up efforts to reduce their environmental impact. In June, France’s Airbus SE, its U.S. rival Boeing Co. and other aviation companies pledged to reduce net CO2 emissions by half in 2050 compared with 2005 levels. EasyJet Plc, the U.K.-based discount airline, has promised to offset all of its carbon emissions by planting trees and supporting solar-energy projects, while Air France will take similar steps on its domestic routes.Germany’s Volkswagen AG, the world’s largest automaker, aims to become CO2 neutral by 2050, while Daimler AG plans to reach that target for its Mercedes-Benz luxury car lineup by 2039.To ensure that coal-reliant Poland doesn’t veto the climate goals next week, EU leaders will pledge an “enabling framework” that will include financial support, according to the document, dated Dec. 2. The commission has estimated that additional investment on energy and infrastructure of as much as 290 billion euros a year may be required after 2030 to meet the targets.The EU leaders will also debate the bloc’s next long-term budget next week. The current proposal would commit at least $300 billion in public funds for climate initiatives, or at least a quarter of the bloc’s entire budget for the period between 2021 and 2027.(Updates with details on draft sumit communique from fourth paragraph.)\--With assistance from Ania Nussbaum, Siddharth Philip and Christoph Rauwald.To contact the reporters on this story: Ewa Krukowska in Brussels at ekrukowska@bloomberg.net;Nikos Chrysoloras in Brussels at nchrysoloras@bloomberg.netTo contact the editors responsible for this story: Chad Thomas at cthomas16@bloomberg.net, Chris ReiterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
Exclusive: Lone Star in exclusive talks to buy BASF construction chemicals unit -sources
Lone Star has entered exclusive negotiations to buy BASF's construction chemicals business as the German chemicals company seeks to focus on more profitable operations, people close to the matter said. The private equity firm vied with a consortium comprising buyout groups Cinven - which owns peer Chryso - and Bain for the world's largest maker of chemical additives for concrete, they said. A BASF spokesman confirmed that the company had proceeded to talk with only one bidder but declined to comment further.
- Reuters
Exclusive: Lone Star in exclusive talks to buy BASF construction chemicals unit - sources
Lone Star has entered exclusive negotiations to buy BASF's construction chemicals business as the German chemicals company seeks to focus on more profitable operations, people close to the matter said. The private equity firm vied with a consortium comprising buyout groups Cinven - which owns peer Chryso - and Bain for the world's largest maker of chemical additives for concrete, they said. A BASF spokesman confirmed that the company had proceeded to talk with only one bidder but declined to comment further.
- PR Newswire
Chemetall completes expansion of its production site in Langelsheim, Germany
FRANKFURT, Germany, Nov. 13, 2019 /PRNewswire/ -- The Surface Treatment global business unit of BASF's Coatings division, operating under the Chemetall brand, has inaugurated a new laboratory and office building in Langelsheim, Germany. This completes the expansion of the production site in Lower Saxony which focuses on the development and production of aerospace technologies. "We are positioning Chemetall with the capacity expansion for the future.
- Moody's
Solenis Holdings LLC -- Moody's announces completion of a periodic review of ratings of Solenis Holdings LLC
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Solenis Holdings LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- Reuters
BASF invites final private equity bids for construction chems unit - sources
German chemicals group BASF has asked the two remaining private-equity suitors of its 3 billion euro (£2.6 billion) construction chemicals unit for final bids by Friday, three people close to the matter said. A consortium comprising buyout groups Cinven and Bain is expected to table an offer, as is rival investor Lone Star, which is bidding alone, the three people said on Thursday. The sale has been long and drawn out as BASF put the construction chemicals business on the block a year ago to focus on more profitable operations.
- Reuters
UPDATE 1-BASF invites final private equity bids for construction chems unit -sources
German chemicals group BASF has asked the two remaining private-equity suitors of its 3 billion euro ($3.3 billion) construction chemicals unit for final bids by Friday, three people close to the matter said. A consortium comprising buyout groups Cinven and Bain is expected to table an offer, as is rival investor Lone Star, which is bidding alone, the three people said on Thursday. The sale has been long and drawn out as BASF put the construction chemicals business on the block a year ago to focus on more profitable operations.
- Reuters
German chemicals industry sees no reason for optimism after Q3 revenues drop
German chemicals association VCI on Wednesday said it saw no positive signals for the chemical industry after reporting a 2.4% drop in third-quarter revenues, citing a weakening auto market, a drop in domestic orders and sluggish global growth. "The situation for the chemical industry is not easy," VCI President Hans Van Bylen said. Production in the chemical and pharmaceutical industries, which are significant contributors to Germany's gross domestic product, fell 0.6% in the third quarter of the year, VCI said, adding that falling prices weighed on third-quarter revenues.
- Moody's
BASF Finance Europe NV -- Moody's announces completion of a periodic review of ratings of BASF (SE)
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BASF (SE) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- Reuters
BASF operating profit dives 24% as trade disputes weigh
Operating income at Germany's BASF dropped 24% during July-September as uncertainty over trade disputes weighed on prices for its basic petrochemicals and foam ingredients. BASF, whose products include vitamins, foams for car seats, engineering plastics and superabsorbers for diapers, reaffirmed earlier projections that adjusted full-year EBIT would be as much as 30% below the year-ago numbers. CEO Brudermueller is trying to cut costs at the group's large integrated chemical complexes around the globe, while divesting businesses that are not closely connected with that production network, such as oil and gas as well as BASF's pigments and construction chemicals businesses.
- Reuters
BASF weighs $4 billion Indian chemicals complex with partners
German chemicals maker BASF is teaming up with partners to study the feasibility of a petrochemical complex in India worth up to $4 billion, which would be the world's first to be fully powered by renewable energy. BASF said on Thursday it had signed a memorandum of understanding with Abu Dhabi National Oil Company (ADNOC), Adani Group and Borealis AG to further evaluate a collaboration to build the chemical site in Mundra, in India's Gujarat state. BASF would foot roughly half of the overall investment bill, a spokesman added.
- GlobeNewswire
The campervan of the future: concept vehicle VisionVenture by Hymer and BASF
The VisionVenture, co-created by BASF and HYMER, is a near-production glimpse into the future of van life. Using the development expertise of the BASF Creation Center, a new class of van has been created that blazes a trail in lightweight construction, independence, travel experience and design. “HYMER is synonymous with premium quality, innovation and a sense of discovery.
- Moody's
Port Arthur Navigation District Ind Corp, TX -- Moody's downgrades BASF to A2, stable outlook
Moody's Investors Service has today downgraded to A2 from A1 the senior unsecured notes ratings of BASF (SE) ("BASF"), its guaranteed subsidiary BASF Finance Europe NV as well as the unsecured rating of revenue bonds guaranteed by BASF. The senior unsecured MTN programme rating of BASF (SE) was downgraded to (P)A2 from (P)A1.
- GlobeNewswire
BASF, MedAccess and the Bill & Melinda Gates Foundation collaborate to bring innovative mosquito nets to malaria-endemic countries
To mark the Sixth Replenishment Conference of The Global Fund to Fight AIDS, Tuberculosis and Malaria, BASF, MedAccess and the Bill & Melinda Gates Foundation have announced an agreement that will facilitate the supply of 35 million Interceptor® G2 mosquito nets to combat malaria.
- Zacks
New Strong Sell Stocks for October 8th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- Moody's
Wintershall Dea GmbH -- Moody's assigns Baa2 rating to Wintershall Dea's notes; outlook stable
Moody's Investors Service ("Moody's") has today assigned a Baa2 instrument rating to the senior unsecured notes ("notes") to be issued by Wintershall Dea Finance B.V. for the sole purpose of financing a loan to Wintershall Dea GmbH ("Wintershall Dea"). The notes will be issued by Wintershall Dea Finance B.V., a company incorporated under the law of the Netherlands fully owned by Wintershall Dea. The proceeds will be used to refinance Wintershall Dea's EUR 3,700 million senior unsecured bridge facility due in May 2020.
- GlobeNewswire
BASF enters engine coolant market in North America with premium Glysantin brand
Glysantin products will be available in January 2020U.S. production will be based out of BASF’s site in Cincinnati, Ohio FLORHAM PARK, N.J., Sept. 20, 2019 -- BASF will.
- GlobeNewswire
BASF hosts next generation of STEM leaders at Science Academy
Twenty high school seniors selected from across North America attended BASF’s Science Academy. The challenging two-week residential program combines the worlds of chemistry and marketing and was held at Fairleigh Dickinson University (FDU) in Florham Park. After completing a rigorous application process, program participants used BASF’s chemistry to formulate personal care products.
