Top global chemical maker BASF (BASFY.PK +1.9%) is reportedly readying a bid for Cognis - a...

|About: BASF SE ADR (BASFY)|By:, SA News Editor

Top global chemical maker BASF (BASFY.PK +1.9%) is reportedly readying a bid for Cognis - a privately held chemical firm owned by Goldman Sachs (GS) and Permira Advisors - that values Cognis around €3B ($4B). The move, BASF's biggest since its $5B takeover of Ciba Holding, would add more natural materials and cut BASF's reliance on Middle East oil and gas.