Fire Extinguished at BASF's Ludwigshafen Plant

A fire at BASF's Ludwigshafen plant has been extinguished. A company spokesperson and police confirmed the incident, but no information was provided on casualties or production impact. The cause of the fire is under investigation, and environmental assessments are ongoing. Shares in BASF dropped by 2% following the news.

A fire at German chemicals giant BASF's plant in Ludwigshafen has been extinguished, a company spokesperson and police said on Monday.

The BASF spokesperson declined to comment on whether there were casualties and whether production at the plant had been affected. BASF said the reason for the incident, which caused a large column of smoke visible from outside the premises, was under investigation and that the environmental impact was being assessed.

Shares in the company were trading around 2% lower following news of the fire.

(With inputs from agencies.)