BASF Looking To Sell Shares In PEC-Rhin

Matt Hopkins Posted by Matt Hopkins|11 November 2008

A BASF SE press release reports that the company intends to sell its 50% holding in PEC-Rhin – a 50%-50% joint venture between BASF SE and GPN founded in 1967. The company produces ammonia, nitric acid, and fertilizers in Ottmarsheim, France. The joint venture has a workforce of about 200 employees and in 2007 generated sales in the low three-digit million Euro range.

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