MOSCOW (MRC) -- The Supervisory Board of BASF SE decided in its meeting to propose the following candidates as shareholder representatives for election to the company’s Supervisory Board by the Annual Shareholders’ Meeting on May 2, 2014:
Dame Alison Carnwath DBE (61), London; Professor Dr. Francois Diederich (61), Zurich; Michael Diekmann (59); Munich; Franz Fehrenbach (64), Stuttgart; Dr. Jurgen Hambrecht (67), Neustadt/Weinstrasse; Anke Schaferkordt (51), Cologne.
Dr. Jurgen Hambrecht is proposed as candidate for Chairman of the Supervisory Board. Dr. h.c. Eggert Voscherau (70), who has chaired the Supervisory Board since 2009, and Max Dietrich Kley (73), who has been a member of the Supervisory Board since 2003, are no longer available for re-election.
The Supervisory Board also approved the financial statements of BASF SE and the consolidated financial statements of BASF Group as well as the dividend proposal made by the Board of Executive Directors. The Board of Executive Directors and the Supervisory Board of BASF SE will therefore propose to the Annual Shareholders’ Meeting on May 2, 2014 the payment of a dividend of EUR2.70 per share for 2013 (previous year: EUR2.60 per share). If the proposal is approved by the Annual Meeting, the dividend will be paid out on May 5, 2014.
As MRC reported earlier, BASF has recently signed a contract to divest its liquid masterbatch business in Clermont de l’Oise, France, to Audia International, a large global supplier of polyolefins and color masterbatches. The transaction is expected to close in mid 2014. The parties have agreed not to disclose financial details of the agreement. Earlier, in December 2013, BASF signed a contract to sell its Vinuran PVC modifier business to Kaneka Belgium N.V., a subsidiary of Kaneka Corporation, Japan.
BASF is the leading chemical company. It produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries.
MRC