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MarketScreener Homepage  >  Equities  >  Xetra  >  BASF SE    BAS   DE000BASF111

BASF SE

(BAS)
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BASF, Partners to Consider Investing Up to $4 Billion in Indian Chemicals Site

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10/17/2019 | 04:35am EST

By Max Bernhard

BASF SE (BAS.XE) said Thursday that it signed a memorandum of understanding with Abu Dhabi National Oil Co., India's Adani Group and Borealis AG to further evaluate collaboration on a chemical production complex in India, which would include an up to $4 billion investment.

"The parties are examining various structuring options for the chemical complex that will leverage the technical, financial and operational strengths of each company," BASF said.

The possible site would be situated at Mundra port in Gujarat, India, and the products would predominantly be for the Indian market, it added.

The companies plan to finalize a joint feasibility study by the end of the first quarter next year, while production is to start in 2024.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

Stocks mentioned in the article
ChangeLast1st jan.
ADANI ENTERPRISES LTD 1.22% 210.9 End-of-day quote.34.33%
BASF SE 0.99% 71.07 Delayed Quote.16.51%
LONDON BRENT OIL -0.47% 62.04 Delayed Quote.15.20%
WTI 0.11% 56.8 Delayed Quote.25.40%
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Financials (EUR)
Sales 2019 61 932 M
EBIT 2019 4 760 M
Net income 2019 9 159 M
Debt 2019 18 527 M
Yield 2019 4,55%
P/E ratio 2019 7,17x
P/E ratio 2020 18,2x
EV / Sales2019 1,36x
EV / Sales2020 1,30x
Capitalization 65 552 M
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Mean consensus HOLD
Number of Analysts 26
Average target price 65,59  €
Last Close Price 71,37  €
Spread / Highest target 10,7%
Spread / Average Target -8,09%
Spread / Lowest Target -32,8%
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Managers
NameTitle
Martin Brudermüller Chairman-Executive Board & CTO
Jürgen Hambrecht Chairman-Supervisory Board
Hans-Ulrich Engel CFO & Vice Chairman-Executive Board
Michael Diekmann Vice Chairman-Supervisory Board
François Diederich Member-Supervisory Board
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