BASF and Bayer may Dominate Chemical Sector M&A in 2010

08 Dec 2010 • by Natalie Aster

Merger and acquisition activity in the chemicals sector in 2010 is likely to be dominated by BASF, Bayer and Royal DSM, Deutsche Bank said.

In the past two years, the global chemical sector, with roughly 23,500 firms, has clinched deals worth $200bn as BASF and other chemical companies penetrate new markets for growth and exit others to curb ties with economic cycles.

BASF and Dow Chemical are looking to sell their styrene units to prospective buyers, while DSM wants to complete the sale of its fertiliser and elastomer operations by 2010, according to Bloomberg.

Bayer is in negotiations with International Petroleum Investment over a potential venture that involves Bayer MaterialScience.

According to analysts, European companies will continue to leave commodity products as they face competition from new Middle Eastern petrochemical plants.

Source: chemicals-technology.com

 

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