BASF slashes dividend for next 4 years
BASF slashes dividend for next 4 years amid structural overhaul
German chemicals giant BASF on Thursday slashed the dividends it plans to pay out in 2025 and in the following three years to preserve cash as it grapples with weak demand in Europe and eyes splitting off several businesses.
BASF to cut dividend for next four years, shed non-core assets in overhaul
BASF (OTCQX:BASFY) -2.7% in Frankfurt trading Thursday after cutting its dividend and raising the possibility of splitting off some businesses, in a broad corporate overhaul that could include further plant closures in Germany as it grapples with weak demand in Europe.
BASF Slashes Dividend, Weighs Unit Listing as Slump Deepens
BASF SE will cut its dividend and hive off assets as part of a broad overhaul that could involve further plant closures in Germany to counter high energy prices and a persistent slump in China.Most Read from BloombergNJ Transit,
BASF Seeks Overhaul With Lower Dividend, Focus on Core Units
BASF SE will cut its dividend and hive off assets as part of a broad overhaul that could involve further plant closures in Germany to counter high energy prices and a persistent slump in China.
Germany's BASF to focus on 'core units' in major overhaul
German chemicals giant BASF said Thursday it would focus on cost cutting and strengthening its "core businesses" in the years ahead as it unveiled details of a major overhaul.
BASF: Finding Upside (Or Not) In Chemicals
BASF SE's strategic shift towards specialty chemicals and geographical diversification aims to reduce cyclicality and drive ...
BASF Open to Shed Noncore Assets to Streamline Portfolio
BASF is open to divesting its noncore businesses in an effort to streamline its portfolio, the latest in a string of Chief ...
Baton Rouge Business Report1h
BASF is launching a new strategy to boost earnings
In an effort to boost earnings, BASF is cutting its annual dividend and is considering shedding noncore assets like its agricultural chemicals business, The Wall Street Journal reports.  The German ...
BASF targets partial listing of agriculture division
BASF is planning a partial listing of its agricultural business because the stock market is underestimating the unit's ...
EQS-Adhoc: BASF SE: BASF sets new direction with corporate strategy and maintains high level of shareholder distributions
BASF’s strong balance sheet and cash flows will support the payment of dividends and the execution of share buybacks. Furthermore, the company will bring down capital expenditures well below ...
EuropaWire13h
BASF Sets Bold New Strategy to Lead Green Transformation and Boost Shareholder Returns
BASF has unveiled a new corporate strategy aimed at becoming the leading chemical company supporting the green transformation of its customers. T ...
BASF Set to Announce Agri Chemicals Listing Plan in Overhaul
BASF SE’s new leader is gearing up to announce a series of overhaul measures later this month, including plans for the future ...
BASF India's shares rise on plans to boost coatings business
BASF SE, the German-based global chemical giant announced a new corporate strategy aimed at reshaping its portfolio and ...
BASF Defines 2025 To 2028 Financial Targets, Updates Dividend Policy
BASF (BFA.L, BASFY.PK) defined financial targets for 2025 to 2028 and updated its dividend policy accordingly. EBITDA before special ...
4C Offshore8h
TKF, Vattenfall, and BASF sign call-off orders for Nordlicht offshore wind farms
TKF, alongside joint venture partners Vattenfall and BASF, has signed the call-off orders for the Nordlicht I and II offshore ...