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BASF to carve out auto catalyst unit, spend €4.5B in battery materials

Dec. 07, 2021 10:41 AM ETBASF SE (BASFY)By: Carl Surran, SA News Editor1 Comment

Behind the scenes of Antwerp port

Mark Renders/Getty Images News

  • BASF (OTCQX:BASFY +2.7%) says it will carve out its catalytic converter business to become a standalone subsidiary, which the company says will allow for future strategic options as it shifts focus on battery materials

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Comments (1)

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Interesting. But I am not a fan of those carve-outs. They are a taxable event in my country.
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