BASF : Portfolio optimisation continues: carving out mobile emissions catalyst business may fetch € 4bn; battery materials targets reiterated
>Carve-out of mobile emissions catalyst business over next 18 months - BASF announced the carve-out of its mobile emissions catalyst (MEC) business starting January 2022, which may take up to 18 months and cover 20 production sites and 4,000 employees, globally. The new entity will include the mobile emissions catalyst business and automotive catalyst recycling/precious metals trading activities but not metals needed for their battery value chain.Estimate...BASF is a chemical company based in Germany. Co. conducts its operations through five reportable segments: Chemicals, which comprises the Petrochemicals, Monomers and Intermediates divisions; Performance Products, which consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health and Performance Chemicals divisions; Functional Materials & Solutions, which comprises the Catalysts, Construction Chemicals, Coatings and Performance Materials divisions; Agricultural Solutions, which comprises the Crop Protection division; and Oil & Gas, which is composed of the Oil & Gas division.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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