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    BAS   DE000BASF111

BASF SE

(BAS)
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BASF to Invest in Novartis's Austrian Facility

05/03/2021 | 07:44am EDT

By Mauro Orru

BASF SE said Monday that it has agreed with Sandoz GmbH, a subsidiary of Swiss pharmaceutical major Novartis AG, to make investments at the company's Kundl/Schaftenau Campus in Austria.

The German chemicals company didn't disclose financial details for the agreement signed on April 26, which is aimed at bolstering BASF's production footprint for enzymes and biotechnology products.

The start of production is planned for 2024, BASF said.

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

(END) Dow Jones Newswires

05-03-21 0944ET

Stocks mentioned in the article
ChangeLast1st jan.
BASF SE 0.23% 70.38 Delayed Quote.8.75%
NOVARTIS AG 0.52% 79.49 Delayed Quote.-4.97%
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Financials
Sales 2021 67 816 M 82 481 M 82 481 M
Net income 2021 3 716 M 4 520 M 4 520 M
Net Debt 2021 14 562 M 17 711 M 17 711 M
P/E ratio 2021 15,9x
Yield 2021 4,83%
Capitalization 64 643 M 78 564 M 78 621 M
EV / Sales 2021 1,17x
EV / Sales 2022 1,18x
Nbr of Employees 110 261
Free-Float 100%
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 77,15 €
Last Close Price 70,38 €
Spread / Highest target 50,6%
Spread / Average Target 9,62%
Spread / Lowest Target -17,6%
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Managers and Directors
NameTitle
Martin Brudermüller Chairman-Executive Board
Hans-Ulrich Engel Chief Financial & Digital Officer
Kurt Wilhelm Bock Chairman-Supervisory Board
Melanie Maas-Brunner Chief Technology Officer
Anke Schäferkordt Independent Member-Supervisory Board
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