According to a recent report by Paint & Coatings Industry (PCI) Magazine, BASF has confirmed that it is currently evaluating strategic options for its global Coatings business — including a potential sale or joint venture. This will include exploring a straight sale and JV options (e.g., with a BASF minority stake) etc. As recently communicated, we are approaching the market to explore strategic options for the remaining Coatings activities. The intention is to explore strategic options for the remaining Coatings activities in one package. There is high interest in the market – from strategic buyers, from private equity and from consortia.