BASF Bags 900 Million Euro in K+S Stake Sale

Reuters reported that BASF (BIT:BASF) made 900 million euro from selling its stake in K+S (FRA:SDF).

The market news is quoted as saying:

Shares in K+S lost as much as 9.3 percent to 49.20 euros on Friday, the worst one-day percentage drop since June 2009, after BASF placed its 19.7 million shares with institutional investors at a price of 50 euros apiece.

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