BASF to cut dividend for next four years, shed non-core assets in overhaul
BASF (OTCQX:BASFY) -2.7% in Frankfurt trading Thursday after cutting its dividend and raising the possibility of splitting off some businesses, in a broad corporate overhaul that could include further plant closures in Germany as it grapples with weak demand in Europe.
BASF slashes dividend for next 4 years amid structural overhaul
German chemicals giant BASF on Thursday slashed the dividends it plans to pay out in 2025 and in the following three years to preserve cash as it grapples with weak demand in Europe and eyes splitting off several businesses.
BASF Slashes Dividend, Weighs Unit Listing as Slump Deepens
BASF SE will cut its dividend and hive off assets as part of a broad overhaul that could involve further plant closures in Germany to counter high energy prices and a persistent slump in China.Most Read from BloombergNJ Transit,
BASF slashes dividend amid worsening German industrial gloom
Ahead of a capital markets day, BASF warned investors on Thursday that it would pay a dividend of “at least €2.25 per share” in 2024 and the following three years, having previously promised to keep payouts to shareholders at last year’s level of €3.40.
BASF Seeks Overhaul With Lower Dividend, Focus on Core Units
BASF SE will cut its dividend and hive off assets as part of a broad overhaul that could involve further plant closures in Germany to counter high energy prices and a persistent slump in China.
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BASF readies a massive restructuring
BASF’s plan for its agrochemical business is the most advanced. Its goal is to get the business ready for an initial public ...
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BASF is launching a new strategy to boost earnings
In an effort to boost earnings, BASF is cutting its annual dividend and is considering shedding noncore assets like its agricultural chemicals business, The Wall Street Journal reports.  The German ...
BASF targets partial listing of agriculture division
BASF is planning a partial listing of its agricultural business because the stock market is underestimating the unit's ...
BASF Open to Shed Noncore Assets to Streamline Portfolio
BASF is open to divesting its noncore businesses in an effort to streamline its portfolio, the latest in a string of Chief ...
German chemical giant BASF details latest cost-cutting plan
German chemical giant BASF on Thursday unveiled details of a painful cost-cutting programme designed to cope with the impact ...
BASF Strategie-Update: Markus Kamieth tritt die Flucht nach vorn an
BASF-CEO Markus Kamieth hat den Investoren sein Strategie-Update präsentiert. Kernbotschaft: Die Einheit der BASF als breit diversifizierter ...
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BASF Set to Announce Agri Chemicals Listing Plan in Overhaul
Chief Executive Officer Markus Kamieth is poised to tell investors at a Sept. 26-27 Capital Markets Day that the company ...
BASF targets partial listing of agriculture division - Reuters
BASF (BASFY) plans partial listing of agricultural business and considers options for coatings division, CEO Markus Kamieth ...