BASF seeks banks for Frankfurt IPO of agrichemical unit valued near €20B

The reported listing could become one of Frankfurt’s biggest share offerings in years if the chemicals group proceeds with the spinout.

Summary

BASF is reportedly approaching banks to lead a Frankfurt initial public offering of its agrichemical division at a valuation of around €20 billion. If completed, the deal could rank among the largest listings seen on the exchange in recent years, highlighting the potential scale of the planned equity sale.

Terms & Concepts
  • IPO: initial public offering of shares
  • valuation: estimated worth of a business
  • spinout: separation of a unit into a standalone company