DowDuPont (DWDP) Tops Q1 EPS by 2c, Beats on Revenues
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Incoming BASF boss rules out DowDuPont-style break-up
May 1, 2018 2:05 PM EDTBy Ludwig Burger and Patricia Weiss
FRANKFURT (Reuters) - The incoming boss of BASF has thrown his weight behind the chemical titan's contentious strategy of keeping divergent businesses folded into one company, at a time when its major rivals such as DowDuPont are breaking themselves up.
The comments from Martin Brudermueller, who will take over as CEO on Friday, provide clarity on a key strategic issue that is dividing investors, in marked contrast to predecessor Kurt Bock who would not be drawn on which path he favored.
The German group has grown from a... More
