Sanofi-Aventis has completed the acquisitions of a 50 % stake in animal health firm Merial from joint venture partner Merck & Co. for $4.0 billion in a deal that will be earnings enhancing from the first year. Merial will report to Hanspeter Spek, Sanofi said.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
