SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of October, 2000
BASF Corporation
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(Translation of Registrant's Name Into English)
Carl Bosch Strasse 38
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Ludwigshafen, Germany
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67056
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(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-_____________)
Enclosure
October 20, 2000
P 494e
Michael Grabicki
Tel. (06 21) 60-9 99 38
Fax (06 21) 60-2 01 29
E-Mail: michael.grabicki
@basf-ag.de
BASF to pay special dividend
>> EK 45 to be paid to shareholders
BASF Aktiengesellschaft intends to pay its retained earnings charged with 45
percent corporation tax (EK 45) to its shareholders in full in 2001. A proposal
to this effect is to be made to the Annual Meeting on April 26, 2001.
Thus, in addition to the dividend reflecting business development, there will be
a special dividend of Euro 0.7 per share. "We want our shareholders who are
subject to German income or corporation tax to be credited in full with the 45
percent corporation tax paid by the company," is how Max Dietrich Kley, deputy
chairman and chief financial officer of BASF Aktiengesellschaft, explained the
company's intention.
For 1999, BASF paid a dividend of Euro 1.13 per share. The Board of Executive
Directors of BASF Aktiengesellschaft will propose the dividend for 2000 in the
spring of 2001.
BASF is a return-focused global company generating long-term growth and
profitability from its activities in chemicals, health and nutrition, and oil
and gas. The company's product range includes high-value chemicals, plastics,
dyestuffs and pigments, dispersions, automobile and industrial coatings, crop
protection products, pharmaceuticals, fine chemicals, crude oil and natural gas.
BASF's approach to integration, known in German as "Verbund," is one of the
company's particular strengths and provides a unique competitive advantage. With
sales in 1999 of Euro 29.5 billion (about $29.5 billion) and a workforce of
105,000 employees, BASF is one of the world's top chemical companies. BASF's
Internet address is www.basf.com.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Current Report to be signed on its behalf by
the undersigned, thereunto duly authorized.
BASF Aktiengesellschaft
Date: October 24, 2000 By: /s/ Dr. Felix Gress
Name: Dr. Felix Gress
Title: Director Corporate
Communications
By: /s/ Kurt Leidner
Name: Kurt Leidner
Title: Director Communications
Ludwigshafen Site