Latest news with #BASF
Business Insider
9 hours ago
- Business
- Business Insider
BASF starts $6.8B sale of its coatings business, Bloomberg reports
BASF (BASFY) SE recently sent out information to potential suitors for of its coating business, in a process that could value the union at $6.8B, Dinesh Nair, Eyk Henning, Swetha Gopinath, and Pamela Barbaglia of Bloomberg reports, citing people familiar with the matter. Carlyle Group (CG) is considering bidding for the coating business with Sherwin-Williams (SHW), the sources added, Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Agriland
a day ago
- Health
- Agriland
Growers discuss control of potato blight in Ireland
Irish growers fully recognise the need to secure effective blight control within their crops at all times. But some firmly believe they are not operating on a level playing field. The recent Teagasc farm walk hosted in Co. Meath provided those in attendance with an opportunity to air their views on this subject. Some claimed that potatoes grown in gardens and allotments, where fungicides are not used, represent a potent blight threat to commercial farmers. In tandem with this, the view was expressed that the non-commercial production of potato crops should be banned by the government. Organically produced potato crops were also cited as potent blight threats for the commercial potato sector. Blight control These were lines of thought that prompted a debate on how best the Irish potato sector can best protect itself against the fast-evolving threat of blight. Teagasc plant disease specialist, Dr. Steven Kildea, foresaw a future within which Integrated pest management (IPP) techniques would rise to the fore. He said: 'But in the here and now, we have to ensure that the fungicide chemistries available to the potato sector are used to best effect. 'Such an approach should also ensure the optimal longevity of these products.' Breeding new potato varieties with inherently higher resistance to fungal attack was flagged as part of the potato sector's response to blight. According to Dr. Kildea: 'But this is not a long-term, silver bullet. There is no doubt that fungal strains will evolve to counter the blight resistant properties of new potato varieties that we can breed. 'What we are looking at is a continuing battle – the grower versus the various blight strains that impact on Ireland.' Chatting at the Teagasc potato farm walk, (l-r): Daniel Williams and Rory Young, both from Lobinstown in Co. Meath The Teagasc representative also confirmed the value of the blight warnings issued by Met Éireann. 'However, these should be considered with evidence on the ground secured by growers actively walking their crops on a regular basis. 'For example, heavy dews can create conditions that are conducive to blight even during periods of dry weather.' But it wasn't all bad news emanating from the farm walk. The event was used as a platform to confirm the availability of a new blight fungicide, Privest from BASF, which has ametoctradin as a core active ingredient. Launched in the UK last year, Privest is a fungicide for use on a preventative basis and in the early stages of foliar late blight. It has been specified for use at the early season/rapid canopy stage within the 2025 Teagasc blight programme. BASF has indicated that there is sufficient Privest in Ireland to meet farmer demand at the present time. However, a number of growers at the Co. Meath farm walk indicated they could not source supplies of the product at all.
Reuters
3 days ago
- Business
- Reuters
BASF initiates sale of coatings business at about $6.8 billion valuation, Bloomberg News reports
May 30 (Reuters) - German chemicals maker BASF SE ( opens new tab has in recent weeks sent out information to potential suitors for a sale of its coatings business at a valuation of about 6 billion euros ($6.81 billion), Bloomberg News reported on Friday. Carlyle Group (CG.O), opens new tab, along with paint-maker Sherwin-Williams (SHW.N), opens new tab, are considering bidding for the BASF's coatings unit, the report said. The business has also attracted early interest from CVC Capital Partners ( opens new tab and Lone Star Funds, Bloomberg added. Reuters couldn't immediately verify the report. ($1 = 0.8812 euros)
Bloomberg
3 days ago
- Business
- Bloomberg
BASF Kicks Off €6 Billion Sale of Coatings Business
BASF SE has kicked off a sale of its coatings business, in a process that could value the unit at about €6 billion ($6.8 billion) and attract bids from large buyout firms, according to people familiar with the matter. The German chemical company has sent out information on the business to potential suitors in recent weeks, the people said, asking not to be identified as the matter is private. Carlyle Group Inc. is considering bidding for the coatings business together with paint-maker Sherwin-Williams Co., the people said. It's also attracting early interest from CVC Capital Partners Plc and Lone Star Funds, the people said.
Zawya
3 days ago
- Business
- Zawya
BASF Egypt rolls out Nunhems seed varieties in Egypt
Arab Finance: BASF Agriculture Solutions Egypt, a business unit of the chemical company BASF, has officially launched its specialized vegetable seeds brand, Nunhems, in Egypt, as per an emailed press release. This launch marks a milestone in BASF's business expansion in the region, confirming the company's commitment to supporting Egyptian farmers with innovative agricultural solutions. The fully localized model for vegetable seed solutions presents a new generation of high-performance varieties in Egypt, aiming to boost yield, enhance quality, and back sustainability. Supported by more than 100 years of breeding expertise and 46 global R&D stations, the new business model is set to drive local job creation and support Egypt's plan to increase agricultural exports by 20% in 2025. In the same vein, exports of Egypt' agricultural sector continues to show resilience and potential, with exports growing in 2024 by 11% year-on-year to 8.6 million tons. Silvia Cifre, Vice President Marketing & Sales at BASF | Nunhems, commented: 'With a portfolio of over 1,200 commercial seed varieties across 20 vegetable crops and nearly 80 new varieties introduced each year, BASF | Nunhems is uniquely positioned to support Egyptian growers with innovative seed varieties and solutions tailored to local needs.' She added: 'Our business expansion here is part of a broader regional vision to bring innovation closer to the field—and help farmers grow 'vegetables people love.'' 'With over 31% of BASF's global workforce in R&D and 20–25% of investment directed to innovation, we are well-positioned to drive sustainable impact,' Youssef Babouih, Country Manager for BASF Agricultural Solutions in Egypt & the Middle East, stated. Moreover, Amr Abouzeid, Country Sales Manager - Egypt, BASF Egypt LLC., said: "Today, we proudly welcome the BASF's vegetable seeds business into our Egyptian operations. […] This model is designed to bring high-quality seeds closer to farmers through a reliable and accessible network, ensuring we serve their needs with precision and consistency." © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
