On Monday, in a statement, Germany’s economy ministry said, “A consortium of carmakers and battery producers including BMW, Umicore and BASF will work alongside technology partners to develop a battery passport that traces the content and carbon footprint of batteries in Europe”. The… Read More ›
BASF
Private equity firm Lone Star acquires BAF’s construction chemicals business for $3.5 billion
On Saturday, in a statement BASF’s construction chemicals business stated, Lone Star, a private equity firm has entered into a deal to acquire it for $3.5 billion (3.17 billion euros) on a cash and debt-free basis. The deal, having immediate… Read More ›
China’s state planner to introduce policies that lowers investment barrier for new and old players
With U.S. tariffs biting hard, China is hoping to rely on its huge population to fuel its economy. China’s state planner aims at introducing policies that boost domestic consumption across a range of segments. A senior state planning official from… Read More ›
The Chinese ‘business model’
There are a growing number of instances where Chinese companies are luring top executives with large sums of money to leak and sell corporate and industrial secrets so that they can set up base in China. Former and past BASF… Read More ›
Bayer snags EU’s antitrust approval for its $62.5 billion acquisition of Monsanto
While Bayer has already received approval from Brazil and conditional approval from China, its acquisition of its peer Monsanto is currently awaiting review by Russian and U.S antitrust authorities. In the latest mega mergers that will reshape the agrochemicals industry,… Read More ›
Monsanto’s Dicamba herbicide likely to trigger class action lawsuit
Millions of acres of fields have been laid waste due to Monsanto’s herbicide Dicamba which did not undergo regular scrutiny as required by law. With the U.S. growing season entered its peak this summer, farmers have begun posting pictures on… Read More ›