Bloomberg News

BASF Plans to Invest in Emerging Markets , Tagesspiegel Reports

June 04, 2012

BASF SE (BAS), the world’s biggest chemical company, may invest as much as 6 billion euros ($7.45 billion) in emerging markets by 2015 amid economic uncertainty in Europe, Tagesspiegel reported, citing an interview with board member Michael Heinz.

The company plans to spend 15 billion euros globally by 2015, 30 percent to 40 percent of it in emerging markets, Heinz told the newspaper. Between 2016 and 2020, investment may rise to as much as 20 billion euros, 35 percent to 45 percent of which may be in emerging markets, he said.

To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net


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