Streetbeat News

BFFAF

Basf SE

https://www.basf.com/

Industry

Paint and Coating Manufacturing

Open

44.99

Mkt cap

41B

Volume

100

High

45.86

P/E Ratio

79.07

52-wk high

58.35

Low

44.99

Div yield

0.08

52-wk low

42.85

BASF SE (OTC:BFFAF) (OTC:BASFY) announced Dr. Markus Kamieth as the new Chairman of the Board of Executive Directors, effective April 25, 2024. He succeeds Dr. Martin Brudermüller. BASF is undergoing restructuring, including carving out divisions and reducing investments by €4 billion to address financial pressures and the German chemical industry's downturn. The industry is not expected to recover before 2025, with some companies permanently shutting down production.

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