BASF sells pharma ingredients business to focus on its core expertise

7 May 2015

Germany-based BASF (BASF: DE), the world’s largest chemical company, says it plans to focus its pharmaceutical ingredients and services business within the Nutrition & Health division on its core expertise in pharmaceutical excipients.

To implement this decision, BASF intends to divest its custom synthesis business and parts of its current active pharmaceutical ingredients (APIs) business to Swiss drug contract manufacturer Siegfried Holding (SFZN: SIX) for around 270 million euros ($306.5 million). The news sent Siegfried’s shares up 11.3% to 172.70 Swiss francs this morning.

BASF will keep selected active ingredients

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