Chemicals company BASF on Monday said it has received Rs 197.63 crore from Stahl India for sale of its leather chemicals business.
“The company has received an aggregate sum of Rs 197.63 crore from Stahl India Private towards the consideration for the sale of the leather chemicals business,” BASF India said in a BSE filing on Monday.
According to the statement, the leather chemicals business stands transferred to Stahl India from September 30, 2017.
BASF India’s parent company BASF SE Germany had signed an agreement for sale of global leather chemicals business to Stahl Group.
BASF India is engaged in providing chemicals, plastics, performance enhancing and crop protection products, among others.
Source: Money Control
Corteva (Indianapolis, Indiana) says it has signed a definitive agreement to acquire Stoller Group (Houston, Texas), a producer of biostimulants and plant nutrition products, for $1.2 billion. Stoller is one of the largest independent biologicals companies globally, with operations in more than 60 countries and more than $400 million in annual sales.
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The European petchem sector is readying for some tough quarters. It’s a different picture in the US. So is this the best time ever to find a new role in the chemical industry? If you are in Europe, you would expect me to say probably not. But actually, it depends. So let me give you four answers to this question.
