BASF and Carlyle sign deal for global coatings company

BASF SE has announced a binding agreement with funds managed by Carlyle and Qatar Investment Authority for its automotive OEM coatings, automotive refinish coatings, and surface treatment businesses. The global transaction is valued at €7.7 billion and is expected to close in Q2 2026, pending regulatory approvals. BASF will retain a 40% equity stake in the coatings business and expects pre-tax cash proceeds of approximately €5.8 billion upon closing.

In India, the automotive OEM and refinish coatings business was transferred to BASF India Coatings Private Limited, a wholly owned subsidiary of BASF India Limited, effective January 1, 2025. This segment generated sales of Rs.479.6 crore as of March 31, 2025, accounting for 3.1% of BASF India Limited's consolidated sales.

BASF India Limited will assess the impact of this global announcement on itself and its subsidiary, BASF India Coatings Private Limited, with further developments to be shared with stock exchanges.