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BASF (BAS)
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BASF : to Sell Austria Paper-Coating Plant for EUR30 Million

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09/27/2017 | 03:47pm CEST
   By Nathan Allen 
 

Germany's BASF SE (>> BASF) said Wednesday it will sell a paper-coating dispersions plant in Austria to U.K.-based specialty chemical producer Synthomer PLC (>> Synthomer PLC) for 30 million euros ($35.4 million).

BASF expects the deal, which is subject to approval from merger control authorities, to close in January 2018.

The company will now supply European customers from facilities in Finland and at from its Ludwigshafen headquarters in Germany, a move that it said will improve its ability to compete in a challenging market. Production sites in Turkey and South Africa won't be affected by the transaction.

Paper dispersions are combined with other additives to improve the print quality of certain types of paper and cardboard, the company said.

Write to Nathan Allen at [email protected]

Stocks mentioned in the article : BASF, Synthomer PLC
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Financials (€)
Sales 2017 63 162 M
EBIT 2017 7 606 M
Net income 2017 4 966 M
Debt 2017 14 535 M
Yield 2017 3,50%
P/E ratio 2017 16,52
P/E ratio 2018 15,91
EV / Sales 2017 1,54x
EV / Sales 2018 1,48x
Capitalization 82 709 M
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BASF Technical Analysis Chart | BAS | DE000BASF111 | 4-Traders
Technical analysis trends BASF
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 94,7 €
Spread / Average Target 5,2%
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Managers
NameTitle
Kurt W. Bock Chairman-Executive Board
Jürgen Hambrecht Chairman-Supervisory Board
Hans-Ulrich Engel Chief Financial Officer
Martin Brudermüller Chief Technology Officer
Michael Diekmann Vice Chairman-Supervisory Board
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