BASF Sells Coatings Division
BASF has reached an agreement with global investment firm Carlyle, in partnership with Qatar Investment Authority (QIA), to sell its Coatings Division.
Upon closing of the transaction, Coatings will operate as a standalone entity, including automotive OEM and refinish coatings, as well as applied surface treatments for various industries.
- Automotive OEM coatings
- Refinish coatings
- Applied surface treatments for metal, plastic, and glass substrates
BASF will hold a 40% equity stake and receive pre-tax cash proceeds of €5.8 billion at closing, slated for Q2 2026, with an enterprise value of €7.7 billion.
Author's summary: BASF sells Coatings Division to Carlyle and QIA.