BASF bids for Degussa construction chem - report
28 January 2006 00:24 [Source: ICIS news]
HOUSTON (ICIS news)--BASF has submitted a bid for Degussa’s construction chemicals unit, news agency Reuters reported on Friday.
A spokesman for BASF was quoted as saying the company had submitted a bid but declined to disclose the amount.
BASF announced in December it was interested in acquiring the construction chemicals unit. The unit has an estimated value of $2.4bn (Euro2bn).
Spokesmen in the US for BASF and for Degussa both referred questions on the report to their German counterparts, who were not immediately available for comment.
By: Brian Ford
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