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BAS BASF AG

48.955
-0.545 (-1.10%)
16 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
BASF AG TG:BAS Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.545 -1.10% 48.955 48.855 49.05 49.60 48.855 49.535 133,258 22:50:04

BASF Sells Stake in Singapore Joint Venture to Shell

18/12/2014 7:04am

Dow Jones News


BASF (TG:BAS)
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By Friedrich Geiger

BERLIN--BASF SE (BAS.XE) and Royal Dutch Shell PLC (RDSA.LN) have reached an agreement for the sale of the German chemical company's 50% stake in their Singapore joint venture ELLBA Eastern to the oil group, BASF said Thursday.

The joint venture, which is operated by Shell, produces styrene monomer and propylene oxide. Financial details of the transaction weren't disclosed.

The ELLBA joint venture between Shell and BASF in Moerdijk, the Netherlands, isn't affected by the transaction.

-Write to Friedrich Geiger at friedrich.geiger@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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