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BASF has announced a new management board for the spin-off of its new Agricultural Solutions division as a separate company ahead of its listing and initial public offering (IPO) on the Frankfurt stock exchange. BASF says this will “establish the standalone business as an independent, pure-play agricultural company with global reach, robust growth prospects and strong cash flow generation.” BASF will remain the majority shareholder and will continue to benefit from the company’s growth and success, while implementing market customary corporate governance.