Bloomberg News

BASF May Take Indian Partner to Spur Asia Growth, FAZ Reports

May 30, 2012

BASF SE (BAS) isn’t seeing the dynamism it expected in Asia and is considering a partnership in India, Frankfurter Allgemeine Zeitung reported, citing an interview with deputy chief executive officer Martin Brudermueller.

While India is growing, it is held back by a backlog of reforms and “questionable” legislature, Brudermueller said, according to the German newspaper. BASF is looking at options and holding discussions to decide whether it will work with a partner in the country, FAZ said.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at

To contact the editor responsible for this story: Benedikt Kammel at

The Aging of Abercrombie & Fitch
blog comments powered by Disqus