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    BAS   DE000BASF111

BASF SE

(BAS)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 08/05 05:12:45 am
67.015 EUR   +0.67%
04:38aBASF, Sinopec to Expand Production at Chinese Site
DJ
03:56aBASF : and SINOPEC to further expand their Verbund site in Nanjing, China
PU
08/03Western Australia takes step-up in battery chemicals production
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BASF Delays Wintershall Dea IPO Back on Oil-And-Gas Conditions

06/16/2021 | 10:32am EDT

By Mauro Orru

BASF SE is postponing the initial public offering of its natural gas-and-oil subsidiary Wintershall Dea after 2021, citing current market conditions for the sector.

The German chemicals company said Wednesday that it made the decision along with LetterOne, a Wintershall Dea shareholder.

The IPO was slated for the second half of 2021, but BASF said that while oil and gas prices have recovered considerably, such an improvement isn't yet fully reflected in broker consensus assumptions.

"Strategically, BASF remains fully committed to divest its share in Wintershall Dea," BASF Chief Financial Officer Hans-Ulrich Engel said.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

06-16-21 1031ET

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Financials
Sales 2021 74 179 M 87 811 M 87 811 M
Net income 2021 5 289 M 6 261 M 6 261 M
Net Debt 2021 14 662 M 17 357 M 17 357 M
P/E ratio 2021 11,2x
Yield 2021 5,13%
Capitalization 61 143 M 72 367 M 72 379 M
EV / Sales 2021 1,02x
EV / Sales 2022 1,03x
Nbr of Employees 107 646
Free-Float 100%
Chart BASF SE
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Technical analysis trends BASF SE
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 66,57 €
Average target price 80,36 €
Spread / Average Target 20,7%
EPS Revisions
Managers and Directors
Martin BrudermŘller Chairman-Executive Board
Hans-Ulrich Engel Chief Financial & Digital Officer
Kurt Wilhelm Bock Chairman-Supervisory Board
Melanie Maas-Brunner Chief Technology Officer
Anke Schńferkordt Independent Member-Supervisory Board
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