Seeking Alpha


  • Dec. 29, 2014, 4:49 PM
    • Gazprom (OTCPK:OGZPY) is buying out the 50% stake in South Stream Transport project it didn't own from partners ENI, BASF (OTCQX:BASFY), and EDF, following Vladimir Putin's Dec. 1 decision to cancel the South Stream pipeline project, citing EU objections.
    • The purchase price hasn't been disclosed, but ENI, BASF, and EDF have said they're recovering their investments. South Stream, which aimed to transport gas across the Black Sea from Russia to Bulgaria (and thus bypass Ukraine), was expected to have a $40B+ price tag if finished.
    • Following Putin's move, Gazprom has proposed building a Black Sea pipeline that would deliver gas to Southern Europe via Turkey.
  • Sep. 12, 2014, 4:54 AM
    • Statoil (NYSE:STO) is selling stakes in a number of oil and gas fields and a pipeline project to Germany's Wintershall (OTCQX:BASFY) for $1.25B in cash, plus another $50M if certain goals are met.
    • "This transaction focuses our Norwegian continental shelf portfolio and further improves our capacity to invest in core areas," says Statoil President Arne Sigve Nylund.
    • Statoil has divested more than $18B in assets since 2010, and plans to invest $20B annually between 2014 and 2016.
    | 1 Comment
  • Jun. 30, 2014, 8:02 AM
    • INEOS will acquire BASF’s (BASFY) 50% share in their joint venture Styrolution for €1.1B, by exercising a call option included in their shareholder agreement signed in 2011. Styrolution will operate as an independent company until the deal is completed.
    • The transaction is expected to be completed in Q4 of 2014, and is still subject to antitrust approval. (PR)
    | Comment!
  • Sep. 20, 2013, 7:40 AM
    • Industrial biotech company Verenium (VRNM) +57.7% premarket after agreeing to be acquired by BASF (BASFY.PK) for ~$51.2M, or $4/share, a 59% premium to Thursday's closing price.
    • VRNM focuses on developing and selling high-performance enzymes used in food and fuel markets.
    | Comment!
  • Sep. 20, 2012, 8:47 AM
    BASF (BASFY.PK), the world's largest chemicals company, agrees to acquire U.S. crop protection firm Becker Underwood from Norwest Equity Partners for $1.02B in a deal that will boost BASF's farming pesticides division. Becker Underwood provides seed treatments, biological crop protection, gardening products and animal nutrition. (PR)
    | Comment!
  • Apr. 12, 2011, 2:55 PM
    Monsanto (MON +2.5%) shares pull back after a Reuters report suggests BASF (BASFY.PK) is not planning a bid for the company; buyout rumors had sent the stock up as much as 4%. Deutsche Bank had upgraded the shares yesterday on valuation and faith that "its strategy will drive share gains and mid-teens EPS growth over the next three years."
    | Comment!
Visit Seeking Alpha's
BASFY vs. ETF Alternatives
Company Description
BASF is the world?s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and... More