BASF Chiefs Push Back on CO? Rules as Mining Sale and Jefferies Downgrade Reshape the Story
Published on 11/13/2026 at 12:02 | Editorial boerse-global.de
Two of Germany's most senior chemicals executives have joined forces against a planned condition on free CO? allowances. BASF chief Markus Kamieth and his Covestro counterpart Markus Steilemann set out their objections in a joint letter, according to Handelsblatt, which reported the move. The same outlet said yesterday that the VCI industry association had warned of a weak economy and rising gas prices.
The lobbying push comes as BASF's investment case draws fresh scrutiny on several fronts. On Wednesday, Jefferies cut the stock from "Hold" to "Underperform" while keeping its price target at 44 euros. Analyst Priyanka Patel pointed to margin pressure, overcapacity and higher gas prices among the reasons for the downgrade.
Mining chemicals business goes to SNF
BASF signed an agreement yesterday to sell its global mining solutions business to SNF. The deal covers the Cork production site in Ireland and roughly 140 employees, along with reagents for leaching, flotation and solvent extraction. The portfolio takes in the Luprofroth, Lupromin, Luproset, LIX and LixTRA brands, so the transaction spans a full global business rather than a single plant.
Should investors sell immediately? Or is it worth buying BASF?
The disposal follows a strategic review within BASF's Performance Chemicals division, turning that review into a concrete portfolio decision. Financial details were not disclosed, leaving the price tag and other terms unknown for now. Closing is expected in 2027, subject to the necessary merger control clearances and customary conditions. SNF intends to keep supplying mining customers worldwide and maintaining services after completion.
A billion-dollar plant in Louisiana
Also on Wednesday, BASF formally commissioned a new MDI plant at its Verbund site in Geismar, Louisiana. The investment came to around USD 1 billion, lifting the site's annual MDI capacity to roughly 600,000 tonnes. BASF described the project as its largest single investment in the United States.
A day later, the company secured FairWild certification for Cegesoft SB 45 TR, a shea butter-based ingredient.
For investors, the near-term signals sit on separate tracks: approvals will determine whether the mining sale closes, while disclosure of financial terms would allow the proceeds to be valued. The announced continuity of supply and service describes how the business would operate under its new owner.
Ad
BASF Stock: New Analysis - 13 November
Fresh BASF information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
