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August 1, 2016
By: TOM BRANNA
Editor
The divestiture of the gas trading and storage business led BASF Group to report a 29% decline in Q1 sales. Group sales plunged 29% to €14.2 billion ($16.2 billion). BASF said the lower price of oil led to declining sales prices, especially in the chemicals segment. Overall sales volumes matched the level of the previous first quarter. Volumes increased slightly in the functional materials and solutions, oil and gas and performance products segments. Volumes fell slightly in the agricultural sol...
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