BASF Appoints Citi, Deutsche Bank, Goldman Sachs and J.P. Morgan to Coordinate Agricultural Solutions IPO Targeting Mid-2027
BASF is preparing a potential initial public offering of its Agricultural Solutions division, appointing Citi, Deutsche Bank, Goldman Sachs and J.P. Morgan as global coordinators. The company is targeting IPO readiness by mid-2027 as part of its "Winning Ways" strategy, which aims to establish the business as an independent agricultural company. Further details on the division's strategy will be presented at BASF's Capital Markets Day on 24 November 2026.
Why this matters
A spin-off of BASF's Agricultural Solutions arm would rank among the largest European agri-business listings in recent years, with four major global banks engaged as coordinators signalling serious intent. The mid-2027 timeline puts the deal squarely in a rate-sensitive window, given current elevated 10-year yields, making execution risk a live concern. BASF, headquartered in Ludwigshafen and a DAX constituent, is targeting the Frankfurt Stock Exchange as the listing venue for the spin-off, giving this transaction an immediate EU capital markets dimension.
On the Ground
The mandate activates ECM, corporate finance and equity research teams at the four coordinating banks. Frankfurt and London capital markets practices will lead prospectus preparation and investor relations work under EU Prospectus Regulation. A trainee in an ECM seat would be drafting due diligence request lists, maintaining the verification bible, and tracking regulatory filing deadlines under the relevant listing rules.
Interview prep
Question you might get
“What are the main legal and regulatory hurdles BASF faces in spinning out its Agricultural Solutions business via an IPO?”
Sign up free to see the full answer
A model answer you can lift into an interview — how to frame this story for a partner.
Sign up freeMy notes
saved