BASF to divest water division, invest in new technologies

03/27/2013 | Bloomberg Businessweek

BASF is looking to sell its French water-management unit and combine a separate water-solutions unit with mining and oilfield solutions operations. "These efforts will be backed by considerable investments in new technologies in Europe as well as in North America and in [research and development]," said Hans Reiners, who heads BASF's performance-chemicals operations.

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