BASF is reported to have started the process to sell its coatings business that could value the business unit at €6 billiion ($6.8 billion) that produces automotive OEM and refinish coatings along with decorative paints.
As CollisionWeek reported in February, BASF announced it would explore strategic operations for its coatings business, including a possible sale, during the second quarter. The announcement was made along with the announcement that it was selling its decorative coatings business in Brazil to Sherwin-Williams for $1.15 billion.
On Friday, Bloomberg reported
