BASF Gets Good Deal for Coatings Unit -- Market Talk

Dow Jones

Oct 10

1351 GMT - BASF's proposed sale of its auto-coatings business to Carlyle seems a good outcome for the German chemicals group, Bernstein's James Hooper says in a research note. BASF is effectively selling a 60% stake in the business for 5.8 billion euros in cash, as it is keeping a 40% stake in the business, the analysts say. "We see this deal as a bit like having your cake and eating it," Hooper says. The sale is within the timeline BASF had previously given and the terms are above expectations, he adds. The deal looks likely to pave the way for BASF to start buying back shares next year, but it can create value regardless, the analyst says. BASF shares rise 0.5%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

October 10, 2025 09:52 ET (13:52 GMT)

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BASF is effectively selling a 60% stake in the business for 5.8 billion euros in cash, as it is keeping a 40% stake in the business, the analysts say. \"We see this deal as a bit like having your cake and eating it,\" Hooper says. The sale is within the timeline BASF had previously given and the terms are above expectations, he adds. The deal looks likely to pave the way for BASF to start buying back shares next year, but it can create value regardless, the analyst says. BASF shares rise 0.5%. 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BASF is effectively selling a 60% stake in the business for 5.8 billion euros in cash, as it is keeping a 40% stake in the business, the analysts say. \"We see this deal as a bit like having your cake and eating it,\" Hooper says. The sale is within the timeline BASF had previously given and the terms are above expectations, he adds. The deal looks likely to pave the way for BASF to start buying back shares next year, but it can create value regardless, the analyst says. BASF shares rise 0.5%. 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BASF is effectively selling a 60% stake in the business for 5.8 billion euros in cash, as it is keeping a 40% stake in the business, the analysts say. \"We see this deal as a bit like having your cake and eating it,\" Hooper says. The sale is within the timeline BASF had previously given and the terms are above expectations, he adds. The deal looks likely to pave the way for BASF to start buying back shares next year, but it can create value regardless, the analyst says. BASF shares rise 0.5%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BASFY":"BASF SE","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BK4098":"多种化学制品","CG":"凯雷","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","BK4135":"资产管理与托管银行","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC"},"translate_title":"巴斯夫涂料部门获得优惠交易——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BASFY":0.9,"CG":0.9},"content_text":"1351 GMT - BASF's proposed sale of its auto-coatings business to Carlyle seems a good outcome for the German chemicals group, Bernstein's James Hooper says in a research note. BASF is effectively selling a 60% stake in the business for 5.8 billion euros in cash, as it is keeping a 40% stake in the business, the analysts say. \"We see this deal as a bit like having your cake and eating it,\" Hooper says. The sale is within the timeline BASF had previously given and the terms are above expectations, he adds. The deal looks likely to pave the way for BASF to start buying back shares next year, but it can create value regardless, the analyst says. BASF shares rise 0.5%. (adria.calatayud@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 10, 2025 09:52 ET (13:52 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}