BASF to Sell Majority Stake in Coatings Unit to Carlyle for $6.7 Billion

Carlyle said it sees compelling opportunities to support the business becoming an independent company German chemicals giant BASFBAS0.37%increase; green up pointing triangle agreed to sell a majority stake in its auto-coatings business to Carlyle for about 5.8 billion euros ($6.71 billion). BASF said …