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August 15, 2025

Sale of E&P business of Wintershall Dea to Harbour Energy completed

Following the approval by all relevant authorities, Wintershall Dea’s exploration and production (E&P) business excluding Russia-related activities was transferred to Harbour Energy plc (Harbour) on September 3, 2024; it consists of producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) as well as Wintershall Dea’s carbon storage (CCS) licenses. In exchange, the shareholders of Wintershall Dea – BASF (72.7%) and LetterOne (27.3%) – received total cash consideration of $2.15 billion (BASF share: $1.56 billion) and new shares issued by Harbour equating to a total shareholding in the enlarged Harbour of 54.5% (BASF share: 39.6%). The agreed enterprise value for the Wintershall Dea assets amounts to $11.2 billion. This amount includes the outstanding bonds of Wintershall Dea with a nominal value of around $4.9 billion that were also transferred to Harbour at closing.

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Results: 2051

From left to right: Chris Titmarsh, Senior Vice President Automotive Refinish Coatings, BASF, congrats the winners Ronan Le Tutour from France, Yuto Hushino from Japan, Lara Kaufmann from Switzerland, Jason Scherer from Germany together with Joern Stoever, Global Key Account Manager SATA

Photo: WorldSkills

Trade News |

August 15, 2025

BASF Coatings supports young talents: Winners of the Car Painting skill competition at WorldSkills Lyon 2024

At this year's 47th WorldSkills Competition held in Lyon, France, more than 1,400 competitors from around 70 countries and regions took part in the event. BASF’s Coatings division, as the exclusive global industry partner for the Car Painting skill, supported the young talents and experts from around the world with its Glasurit 100 Line, the world's leading premium automotive refinish paint system. It is noted for its outstanding performance backed by proven benchmark results in process time, consumption, and sustainability.

Business & Financial News |

August 15, 2025

Sale of E&P business of Wintershall Dea to Harbour Energy completed

Following the approval by all relevant authorities, Wintershall Dea’s exploration and production (E&P) business excluding Russia-related activities was transferred to Harbour Energy plc (Harbour) on September 3, 2024; it consists of producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) as well as Wintershall Dea’s carbon storage (CCS) licenses. In exchange, the shareholders of Wintershall Dea – BASF (72.7%) and LetterOne (27.3%) – received total cash consideration of $2.15 billion (BASF share: $1.56 billion) and new shares issued by Harbour equating to a total shareholding in the enlarged Harbour of 54.5% (BASF share: 39.6%). The agreed enterprise value for the Wintershall Dea assets amounts to $11.2 billion. This amount includes the outstanding bonds of Wintershall Dea with a nominal value of around $4.9 billion that were also transferred to Harbour at closing.

Business & Financial News |

July 30, 2025

Sales almost at prior-year quarter level on slight volume growth; EBITDA before special items slightly lower

In the second quarter of 2025, BASF generated EBITDA before special items of around €1.8 billion. “The Agricultural Solutions segment recorded significantly higher earnings and achieved remarkable volume growth of 21 percent compared with the prior-year quarter,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF, presenting the quarterly figures together with Chief Financial Officer Dr. Dirk Elvermann. The Surface Technologies and Nutrition & Care segments achieved slightly higher earnings. In the base chemicals businesses, margins remained under pressure due to high product availability on the market.

BASF and CATL have signed a framework agreement for cathode active materials. Under the agreement, BASF will cooperate with CATL on a global scale.
Photo: BASF

Trade News |

July 28, 2025

BASF Battery Materials and CATL sign a framework agreement for cathode active materials

BASF and Contemporary Amperex Technology Co., Ltd. (CATL) have signed a framework agreement for cathode active materials. Under the agreement, BASF will cooperate with CATL on a global scale. CATL has selected BASF as its important supplier. BASF will support CATL's global layout through its global production network.

This News Release is only available in English.

The PA66/6T compound Ultramid® T6000 is ideal for producing small and complex E&E parts like high-voltage connectors and miniature circuit breakers.
Photo: BASF 2025

Trade News |

July 28, 2025

High flowability, easy processing and good colorability: PPA for small and color-stable E&E parts

For many electric and electronics (E&E) components, where stiffness and strength of polyamide 66 (PA66) reach their limit, BASF customers can now choose from a tailored portfolio of PA66/6T compounds: Ultramid^® T6000 is a high-temperature polyamide outperforming PA66 in mechanical and dielectric properties in presence of humidity and at elevated temperatures.