BAS

DE000BASF111

Diversified Chemicals

Market Closed - Xetra Other stock markets 11:35:17 2024-04-26 am EDT			After market 03:59:57 pm
48.82 ^EUR	-4.25%		48.81	-0.02%

05:54pm	German Shares Recover as Rate Cut Calls Get Support from Eurozone Bank Lending Data	MT
03:25pm	BASF SE : Deutsche Bank sticks Neutral	ZD

BASF SE:

November 24, 2017 at 08:10 am EST

DGAP-Ad-hoc: BASF SE / Key word(s): Merger
BASF SE:

24-Nov-2017 / 14:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

BASF confirms discussions with Letter One

Ludwigshafen, Germany - November 24, 2017 - BASF is in discussions regarding a potential merger of BASF Group's oil and gas activities with Letter One's oil and gas activities bundled in the DEA Group. BASF would hold the majority of the shares in the joint enterprise. An Initial Public Offering (IPO) of the joint enterprise would be an option in the medium term. The outcome of the discussions is open and there is no assurance that any transaction will be consummated.

BASF's oil and gas activities are bundled in the Wintershall Group. Wintershall focuses on exploration and production in oil and gas-rich regions in Europe, North Africa, Russia, South America and the Middle East. Together with Gazprom, the company is also active in the transport of natural gas in Europe. For the full year 2016, net sales of the Oil & Gas segment of the BASF Group amounted to around EUR2.8 billion, EBITDA was around EUR1.6 billion and EBIT around EUR500 million.

BASF does not intend to make any additional comments on this matter at this time.

Contact

Dr. Stefanie Wettberg

Investor Relations

+49 621-60-48002

stefanie.wettberg@basf.com

Jens Fey

Media Relations

+49 621-60-99123

jens.fey@basf.com

24-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:	English
Company:	BASF SE
	Carl-Bosch-Straße 38
	67056 Ludwigshafen
	Germany
Phone:	+49 (0)621 60-0
Fax:	+49 (0)621 60-4 25 25
E-mail:	info.service@basf.com
Internet:	www.basf.com
ISIN:	DE000BASF111, DE000A0JRFB0, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JRFA2, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JQF26, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0EUB86, Frankfurter Wertpapierbörse, DE0008846718, Frankfurter Wertpapierbörse, DE000A0XFK16, Börse Luxemburg, Frankfurter Wertpapierbörse, XS0420401779, Börse Luxemburg, XS0412154378, Börse Luxemburg, Frankfurter Börse, DE000A0T4DU7,Börse Luxemburg, Frankfurter Börse, CH0039943292, Swiss Exchange (SWX), CH0039943383, Swiss Exchange (SWX), DE000A0TKBM, Börse Luxemburg, Frankfurter Börse, XS0414672070, Börse Luxemburg, ,
WKN:	BASF11, WKN A0JRFB, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JRFA, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JQF2, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0EUB8, Frankfurter Wertpapierbörse, , WKN 884671, Frankfurter Wertpapierbörse, , WKN A0XFK1, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0XFHJ, Börse Luxemburg, , WKN A0T6EG, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T4DU, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN 3994329, Swiss Exchange (SWX), , WKN 3994338, Swiss Exchange (SWX), , WKN A0TKBM, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T65R, Börse Luxemburg,
Indices:	DAX, EURO STOXX 50
Listed:	Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; London, SIX


End of Announcement	DGAP News Service

632525 24-Nov-2017 CET/CEST

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Company Profile

BASF SE is No. 1 worldwide in the chemical industry. Net sales break down by family of products as follows: - functional products (44.1%): catalysts (38.9% of net sales), performance materials (23.9%), monomers (22.7%), and coatings (14.5%); - high-performance materials (21.6%): care chemicals (33.1% of net sales), dispersions and pigments (31.8%), performance chemicals (20.8%) and nutrition products (14.3%); - chemicals (15%): petrochemicals (71.5% of net sales), and intermediate products (28.5%); - agrochemicals (14.6%); - other (4.7%). Net sales are distributed geographically as follows: Germany (9.9%), Europe (27.9%), North America (27.3%), Asia/Pacific (25.4%) and South America/Africa/Middle East (9.5%).

Sector

Diversified Chemicals

Calendar

2024-04-25 - Ex-dividend day for final dividend

Related indices

EURO STOXX 50 , STOXX EUROPE 600 (EUR) , DAX

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Ratings for BASF SE

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

50.99 EUR

Average target price

55.29 EUR

Spread / Average Target

+8.43%

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Diversified Chemicals

BASF SE

Equities

BAS

DE000BASF111

Diversified Chemicals

BASF SE:

EPS Revisions