BASF on track for dividend cut

German chemicals group BASF is heading for its first dividend cut since the 1990s as it reported a 19% fall in third-quarter sales

• BASF statement
• BASF to target growth industries in Asia

Lex: European chemical companies

If sales figures from Akzo Nobel and Bayer ’s sales figures are anything to go by, investors betting on a recovery in the sector might have got ahead of themselves

Permira repels Borsodchem bid

The UK private equity fund’s deal with Wanhua Industrial to restructure Borsodchem’s €1.1bn debt will allow it to avoid a Chinese takeover and retain control of the Hungarian chemicals group

Strong demand helps Tristel clean up

Stronger demand for infection control products has helped Tristel raise full-year pre-tax profits

Demand recovery boosts Victrex

The polymer maker said it would ramp up production following a strong fourth quarter.

Wanhua to placate Permira over Borsodchem

The Chinese chemicals group seeking to acquire a company owned by Permira would not be a ‘disruptive force’ if takeover talks succeed, says its top executive

Evonik bond sale draws large number of bids

The deal from the unrated German conglomerate attracted bids worth more than six times the high-yield paper on offer

Lex: Chemicals

Given €4.5bn today, few investors would place bets on chemicals and plastics but that is what Solvay plans to do