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BASF and Shell review strategic options regarding Basell.

Publication: M2 Presswire
Publication Date: 29-JUL-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-29 July 2004-BASF: BASF and Shell review strategic options regarding Basell(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:07292004

Ludwigshafen/London - BASF and Shell announced today that they are reviewing strategic alternatives regarding their joint venture Basell, a global leader in polyolefins, in which they both hold a 50 percent equity interest. The options being reviewed by the shareholders include the sale of their stakes and an equity market transaction. During the review process, the shareholders remain committed to supporting Basell's strategic and operational goals and its ongoing financial progress. Credit Suisse First Boston...

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