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BASF to sell German insulation subsidiary
LUDWIGSHAFEN, GERMANY (Nov. 9, 11:45 a.m. ET) — BASF SE said Nov. 7 that it plans to divest its subsidiary BASF Wall Systems GmbH & Co. KG, together with the Marktredwitz site. Currently, BASF Wall Systems GmbH & Co. KG has about 190 employees, who will continue to be employed by the new owner.