BASF Plans to Sell its European Decorative Paints Unit

摘要

BASF says it plans to sell its Relius Coatings decorative paints business and subsidiaries in France and the Netherlands in "the near term." Relius reported sales of ?80 million ($107 million) last year, and is made up of decorative paints and plaster, as well as coatings and glazing for con- struction applications. The majority of the business's sales is generated from Germany, and operates in selected countries in Europe.