LafargeHolcim Declines to Bid for BASF Unit -Bloomberg

Date : 10/10/2019 @ 7:55AM
Source : Dow Jones News
Stock : BASF AG (BAS)
Quote : 46.215  1.99 (4.50%) @ 3:08PM
BASF share price Chart

LafargeHolcim Declines to Bid for BASF Unit -Bloomberg

BASF (XE:BAS)
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-- Swiss cement-maker LafargeHolcim Ltd. (LHN.EB) has decided against bidding for BASF SE's (BAS.XE) construction chemicals unit, said Bloomberg, citing unidentified sources.

-- LafargeHolcim had concerns about how long it would take for the execution of the sale, which could potentially hurt the integration of the business, the media organization reported.

-- LafargeHolcim was the last suitor pursuing the business due to BASF's disappointing outlook, Bloomberg said.

 

Full story: https://bloom.bg/2Ox4UW2

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

October 10, 2019 02:40 ET (06:40 GMT)

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