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    BAS   DE000BASF111

BASF SE

(BAS)
  Report
Real-time Estimate Tradegate  -  04:03 2022-11-28 am EST
49.47 EUR   -0.28%
11/25Ethylene Vinyl Acetate Market is expected to reach US$ 12.15 Bn. by 2029 Asia Pacific to dominate Ethylene Vinyl Acetate Market By 2029
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11/24BASF Opens Surface Treatment Facility in China
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11/22BASF Opens New Surface Treatment Production Site in China
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Bayer says arbitration ruling over BASF claims is imminent

08/04/2022 | 10:49am EST
FILE PHOTO: Bayer CEO Werner Baumann addresses the company's annual results news conference

FRANKFURT (Reuters) - Bayer's chief executive said an arbitration court would soon decide on claims brought by rival BASF, saying it overpaid for assets that Bayer sold to secure antitrust clearance for the takeover of Monsanto.

Bayer CEO Werner Baumann told analysts in a call on Thursday that the ruling was expected "shortly" and that there was hardly any potential to seek recourse should Bayer disagree with the verdict.

BASF in 2019 took Bayer to a previously agreed arbitration court, claiming that Bayer had not fully disclosed personnel costs when it negotiated the sale of two assets bundles.

To secure the eventual antitrust clearance for Bayer's 2018 takeover of Monsanto, Bayer in 2017 agreed to sell certain seed and herbicide assets for 5.9 billion euros ($6.02 billion) to BASF, followed by the sale of its global vegetable seeds business, certain seed treatments and digital farming activities for up to 1.7 billion euros.

($1 = 0.9807 euros)

(Reporting by Ludwig Burger, editing by Thomas Escritt)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BASF SE -0.16% 49.495 Delayed Quote.-19.71%
BAYER AG -0.07% 55.41 Delayed Quote.17.98%
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Analyst Recommendations on BASF SE
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Financials
Sales 2022 88 199 M 91 712 M 91 712 M
Net income 2022 4 883 M 5 077 M 5 077 M
Net Debt 2022 16 640 M 17 302 M 17 302 M
P/E ratio 2022 9,17x
Yield 2022 6,84%
Capitalization 44 373 M 46 140 M 46 140 M
EV / Sales 2022 0,69x
EV / Sales 2023 0,74x
Nbr of Employees 111 768
Free-Float 100%
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 49,61 €
Average target price 54,06 €
Spread / Average Target 8,98%
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Managers and Directors
Martin BrudermŘller Chairman-Executive Board
Hans-Ulrich Engel Chief Financial Officer
Kurt Wilhelm Bock Chairman-Supervisory Board
Melanie Maas-Brunner Chief Technology Officer
Alison Jane Carnwath Independent Member-Supervisory Board
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