BASF Invests $4 Million in AgFood Fund

Date : 11/18/2019 @ 1:46PM
Source : Dow Jones News
Stock : BASF AG (BAS)
Quote : 68.29  0.42 (0.62%) @ 4:34PM

BASF Invests $4 Million in AgFood Fund

BASF (XE:BAS)
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By Olivia Bugault

 

BASF SE (BAS.XE) said Monday that it will invest $4 million in a Brazilian fund managed by SP Ventures.

The German chemical company said that the fund focuses on Latin American startups in the agricultural and food, or AgFood, sector and aims to support 20 to 25 new companies.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

November 18, 2019 08:31 ET (13:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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