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BASF buys electrolytes business from top rival

BASF, the world’s biggest chemicals maker, said Tuesday it has agreed to buy the electrolytes business for high-performance batteries from rival Merck KGaA for an undisclosed sum. The acquisition ”enhances the expertise we offer to automotive andbattery manufacturers around the world,” said board memberAndreas Kreimeyer. Electrolytes ensure the transport of electric charges inside a battery. “The electrolyte portfolio…