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Confirmed: BASF explores strategic options for its coatings business
BASF is reviewing strategic options for its global Coatings business, including a potential sale or joint venture. The company is said to have confirmed this in a statement to PCI Magazine clarifying its current position and market interest.
According to a recent report by Paint & Coatings Industry (PCI) Magazine, BASF has confirmed that it is currently evaluating strategic options for its global Coatings business — including a potential sale or joint venture.
In a statement shared with PCI, Daniela Rechenberger from BASF’s Corporate Media Relations team reiterated the company’s earlier announcement made during its Capital Markets Day in September 2024:
“As already mentioned during our Capital Markets Day in September 2024, we will explore strategic options for our Coatings business overall. This will include exploring a straight sale and JV options (e.g., with a BASF minority stake) etc. As recently communicated, we are approaching the market to explore strategic options for the remaining Coatings activities. This means that discussions will be held with interested parties, and we are open to the outcome. It is too early to indicate what direction this may take. The intention is to explore strategic options for the remaining Coatings activities in one package. There is high interest in the market – from strategic buyers, from private equity and from consortia. Please understand that we generally do not comment on market rumours and do not provide details about individual process steps.”
This statement follows recent media reports on a potential divestment, previously covered by outlets such as Bloomberg, Reuters, and Der Aktionär.
Source: PCI
