Oct. 10 at 12:44 PM
BASF announced it will sell its automotive coatings division—which produces enamels, varnishes, and paints—to U.S. investment firm Carlyle, in partnership with the Qatar Investment Authority. The move is part of BASF’s strategy to streamline its portfolio and focus on its core chemical operations.
The transaction, valued at €7.7 billion, underscores continued investor interest in high-value automotive materials. BASF expects the sale to close in the second quarter of 2026, subject to regulatory approval.
Following the deal, BASF will retain a 40% ownership stake in the new entity and receive approximately €5.8 billion in pre-tax proceeds, strengthening its balance sheet and supporting future investments.
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