Ludwigshafen, Germany-In addition to shedding part of its fertilizer business (GM March 7, p. 1), BASF SE has confirmed that it also expects to sell its 10.3 percent stake in Germany’s K+S Ag. BASF intends to place up to around 19.7 million shares of K+S with institutional investors in an accelerated book building transaction. With the expected capital gain from the sale, BASF aims to further optimize its balance sheet and continue to reduce its debt.
Transparency Across the Fertilizer Value-Chain