German chemicals giant BASF has mandated Citi, Deutsche Bank, Goldman Sachs and JP Morgan as global coordinators for the planned Frankfurt Stock Exchange listing of its Agricultural Solutions division, which combines crop protection, seeds, traits, biologicals and digital farming tools.
BASF has announced that it has mandated Citi, Deutsche Bank, Goldman Sachs and JP Morgan as global coordinators to lead the preparation of its planned initial public offering (IPO) of its Agricultural Solutions business.
With this, BASF said its Agricultural Solutions segment is ”taking the next step on its path toward IPO readiness”, targeted by mid-2027.
The company plans to list Agricultural Solutions, which includes seed development and crop protection, as a Societas Europaea (SE) on the Frankfurt Stock Exchange.
The potential IPO is seen as a “central element” of BASF’s ’Winning Ways’ strategy with the move intended to ”unlock the full value potential of the business as an independent, pure-play agricultural company”.
“As a leading provider of integrated agricultural solutions, the company combines a strong crop protection business with a growing portfolio of seeds, traits and biological as well as digital solutions to support farmers around the world,” BASF stated.
The legal and operational separation of the business remains on track, it confirmed, with approximately 80 per cent of the global Agricultural Solutions business already transitioned into separate legal entities that operate on a new industry-specific Enterprise Resource Planning system.
”This transition enables the company to respond more effectively to the specific needs of agricultural markets, increase agility and strengthen customer proximity worldwide,” it stated.
At the same time, Agricultural Solutions continues to establish the governance structures and capabilities required for a publicly listed company, BASF noted.
The group added that no decision has yet been made regarding the execution or timing of an IPO.
