27 September 2011 09:47 [Source: ICIS news]
SINGAPORE (ICIS)--German producer BASF said on Tuesday it will sell its fertilizer operations in ?xml:namespace>
BASF plans to complete the transactions by the end of the first quarter of 2012, the company said in a statement.
In France, BASF’s 50% stake in Ottmarsheim-based PEC-Rhin, which produces CAN/AN fertilizers, as well as ammonia and nitric acid intermediates, will also be sold to EuroChem.
“The fertilizer activities [to be sold EuroChem] have a total annual capacity of approximately 2.5m tonnes of fertilizer and account for less than 1% of BASFgroup’s total sales,” the company said.
BASF said its fertilizer operations in
($1 = €0.74)
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